HomeContributorsTechnical AnalysisUSD/JPY Analysis: Passes Support Levels

USD/JPY Analysis: Passes Support Levels

On Friday morning, the USD/JPY currency exchange rate passed the support levels near 104.20. Due to that reason, the pair had no technical support as low as the 103.32 level. In theory, the rate should decline to this mark.

However, take into account that the Monday’s low level could provide support.

 

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading