Daily Analysis of #USDJPY

Daily Analysis of #GBPUSD
December 7, 2017
Daily Analysis of #USDCAD
December 7, 2017

Daily Analysis of #USDJPY

During the trading hours yesterday, the US dollar lowered its value from 112.60 JPY to 112.27 JPY. This morning the currency pair is trading at 112.53 JPY. According to the analysis of Forex Markex Signals, if US dollar breaks the resistance levels at 112.60 – 112.61 JPY, the aim will be reaching and testing the zone 112.94 – 112.95 JPY. If it is successful, the upward trend will continue to 113.25 – 113.26 JPY. If USD drops below the support levels at 111.96 – 111.95 JPY, it will try to find next support at 111.64 – 111.64 JPY. In case of breaking down, the downward trend will continue to 111.31 – 111.29 JPY.

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