USD/JPY A Rebound From Key Support Level
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Since the end of April, we have seen the strong selling pressure of USD against the JPY. However, yesterday we have seen the candlestick pattern which signals the buying pressure of USD against JPY at the psychological level of the exchange rate. Thus, over the next few weeks, we will expect buying pressure until 112.00 where profit taking might take place again.
Since the end of April, we have seen the strong selling pressure of USD against the JPY. However, yesterday we have seen the candlestick pattern which signals the buying pressure of USD against JPY at the psychological level of the exchange rate. Thus, over the next few weeks, we will expect buying pressure until 112.00 where profit taking might take place again.
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