i dont even know why people even follow the JPY. This is a complete gamble currency. It doesnt trade on fundamentals and just trades based on fear of the market. Its really the hardest currency out there.
USDJPY Uptrend Under Threat
USD/JPY is testing the lower boundary of a crucial uptrend Supper nearby seems likely to hold if it breaks The New Zealand Dollar looks set for more gains against the Japanese currency Japanese Yen bulls are having a better time of it against the US Dollar this week and, indeed, have forced USD/JPY down to what may be a critical juncture. On its daily chart the pair is testing the downside of channel support in place since the current climb started back on September 7. That support comes in within a whisker of current levels (as of 0100 GMT Wednesday), at 113.76. US Dollar bulls are going to have to work hard to secure a daily ... (full story)
- Posted: Nov 7, 2017 11:37pm
- Submitted by:Category: Technical AnalysisComments: 4 / Views: 1,801