USD/JPY breaking lower?

Thursday, 16/03/2017 | 10:43 GMT

Disclaimer

USD/JPY is poised to take out the 100 day moving average. Assuming this is successful then look for a move down to the 38.2% retracement of the post-US election rally at 112, which also leaned support in late Feb.

GBP/USD triggered yesterday’s level at 1.2300 and has since posted a modest retracement. Assuming we hold above 1.2250, then late February lows of 1.2410 are still achievable.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/DAILY_MARKET/euro-rallies-off-back-of-dutch-vote

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