The USD/JPY Currency Pair Is Apparently Under Bearish Pressure

Mar 26,2019 13:30   Source:Earnforex
Last week, the appreciation of the Japanese yen took price under the supportive trendline of the ascending trend that started at the beginning of 2019. Long-term perspective On the daily chart, after the rejection from the 105 support area on January 3, 2019, price undertook an ascending move that recovered most of the depreciation that began from the 114 resistance zone. On this path, the pair confirmed major support areas — 108.12, 108.89 and 110.27 — but failed […]

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