HomeContributorsTechnical AnalysisUSDJPY Can Face More Weakness Around 113.00 Area

USDJPY Can Face More Weakness Around 113.00 Area

Elliott Wave Financial Service
By Elliott Wave Financial Service

Risk-off has been in full swing at the end of last week while 10 year US notes were moving higher, so lower yields also caused some sharp drop on XXX/JPY pairs as USDJPY moved close to 112.00. Currently, we see USDJPY reversing higher likely headed into wave c) of a corrective rise which may find new sellers around 113.00 area.

USDJPY, 1h

Start Trading
Start Trading
Start Trading
Start Trading

Get daily and weekly ActionForex analysis and key releases on our Telegram channel.

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Latest Analysis

Load more

Learn Forex Trading