USD/JPY hits key support

Tuesday, 28/03/2017 | 08:20 GMT

Disclaimer

110 marks a 50% retracement of the post-election rally seen by USD/JPY. If this falls look for a slide down to the 61.8% retracement around 108.00

EUR/USD failed to make a sustained break above 1.09, suggesting a period of consolidation will now be seen with a dip back to 1.08 – the 50 retracement of the post-election slide – in target. Longer term could post further gains.

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/TECHNICAL/usdjpy-hits-key-support

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