26 Jan 2015
USD/JPY struggling to break 118.79/87 resistance – FXMarketAlerts
FXStreet (Barcelona) - The FXMarketAlerts Team notes that USD/JPY is facing a tough resistance at 118.79/87 area, and is not quite ready to break above the mentioned barrier.
Key Quotes
“USD/JPY failed to sustain the downside pressure noted in our prior Update. Back near the high of the day for now, but not quite ready for a solid upside breakout. The resistance zone at 118.79/87 is looking to be a tough area to break today, so we assume more whippy action within the range. Support at 117.28/18 for now.”
Key Quotes
“USD/JPY failed to sustain the downside pressure noted in our prior Update. Back near the high of the day for now, but not quite ready for a solid upside breakout. The resistance zone at 118.79/87 is looking to be a tough area to break today, so we assume more whippy action within the range. Support at 117.28/18 for now.”