Support Level of 108.00 on USD/JPY Might Give Way

Jun 03,2019 17:13   Source:Earnforex
The descent on the US dollar versus the Japanese yen reached the important target of 108.12, a level that represents a weekly support area. But certain factors point to the fact that, this time, the support might would not hold its ground. Long-term perspective After the confirmation of the 112.20 resistance area, on April 25, 2019, the price began a steep decent, that stopped at 108.90, threw-back to confirm 110.27 as resistance, and continued downwards to pierce […]

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