USD/JPY reversed from support zone

USD/JPY reversed from support zone

2019-11-11 • Updated

  • USD/JPY reversed from support zone
  • Next buy target - 111.00

 USD/JPY recently reversed up from the support zone lying between the key support level 109.10, support trendline of the daily up channel from March and the 50-day moving average. USD/JPY is expected to rise further toward the next buy target at the next resistance level 111.00 (high of the previous minor ABC correction 2 from May). Strong support remains at 109.10.


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