The USD/JPY pair fell slightly during the course of the session on Thursday, breaking below the 110 level. With this being the case, the market looks as
The USD/JPY pair fell slightly during the course of the session on Thursday, breaking below the 110 level. With this being the case, the market looks as if we are struggling a bit at this large number. However, the fact that we broke above there suggests that we are starting to see a fairly large shift in momentum to the upside. If we can break above the top of the range for the session on Thursday, it’s probably reason enough to think that the market is a Michigan go to the 112 level. At this point in time, we believe that there is support to be found at the 109 handle.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
