Thursday, August 16, 2018

USD/JPY - 17 August 2018


Fundamental Highlights

Turkey risks are still emerging. Moreover, Trade war risk between the U.S. and China shows early signs of receding. With this USD/JPY is going nowhere on balance at the moment. We will still have to wait and see if anything momentous happens that can show the movement of the market.

Technical Analysis

Following yesterday's session the pair seems to have found a new consolidation area. With that USD/JPY may move towards the 110.65 support before turning its direction to the 111.01 level.

Support: 110.65 110.43
Resistance: 111.01 111.34

Chart (H1)