USD/JPY Hits Resistance

Apr 26,2019 04:09   Source:Earnforex
The US dollar versus the Japanese yen dropped after reaching the important 112.20 resistance area and printed a clear bearish engulfing that just might change the expected outcome. Long-term perspective The pair is in an ascending move starting at the 106.92 support area. Beginning with this appreciation phase, the first attempt to cross the 112.20 level was on March 5, 2019, when the price failed to confirm it as a support and retraced to 110.27. From […]

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