USDJPY approaches key assist targets after sharp selloff final week

The USDJPY fell about -Three.2% final week as US yields moved to the draw back serving to to ship the US greenback decrease in its wake. the low worth final week prolonged to 1.4945. The low worth in early buying and selling this week simply reached 149.46 and bounced. The value is again above the 150.00 stage however there’s key resistance looming on the damaged 38.2% retracement at 150.182. Simply above that could be a swing stage at 150.329.

That space will probably be shut resistance for the pair.

This text was written by Emma Wang at www.ubaidahsan.com.



Source link