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USD/JPY update (17th May 2017, 10:00)

USD/JPY - moving below ¥111.68?

USD/JPY - moving below ¥111.68?

USD/JPY downside case is gathering strength here, with yesterday’s rally creating a new lower low on the hourly chart, together with a firm break below hourly support at ¥113.20.

Now we look to see if the price can move below ¥111.68, which would put it back at the 50-day simple moving average (SMA). Rallies back towards ¥113 should be taken as selling opportunities.


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USD/JPY update (17th May 2017, 10:00)

USD/JPY - moving below ¥111.68?

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