Mon, Nov 30, 2020 @ 16:51 GMT
Home Contributors Fundamental Analysis Japanese Yen Trading A Tad Higher In The Morning Session

Japanese Yen Trading A Tad Higher In The Morning Session

For the 24 hours to 23:00 GMT, the USD rose 0.10% against the JPY and closed at 106.97.

In the Asian session, at GMT0300, the pair is trading at 106.95, with the USD trading marginally lower against the JPY from yesterday’s close.

The pair is expected to find support at 106.66, and a fall through could take it to the next support level of 106.38. The pair is expected to find its first resistance at 107.14, and a rise through could take it to the next resistance level of 107.34.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

 

GCI Financialhttp://www.gcitrading.com/
DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Featured Analysis

Learn Forex Trading

Greed and Fear in Trading

Exchange Rate on Forex

Forex Trading Psychology

Forex Algorithmic Trading