The Descending Trend on USD/JPY Awaits Confirmation

Jun 17,2019 10:20   Source:Earnforex
The price is above an important support area, but it does not seem to be willing any appreciation. The descending channel might give the explanation. Long-term perspective After confirming the 112.20 resistance area on April 25, 2019, the US dollar versus the Japanese yen currency pair began a very determined downwards move. On its way, the price confirmed as resistances 110.27 and 109.70 (not drawn on the chart) and then stopped at the important […]

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