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USD/JPY Outlook (6th May 2019)

U.S. Dollar / Japanese Yen (FX:USDJPY)  
JinDao_Tai  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Forex macro technical trend USDJPY
2
0
trendanalysis forex macro technical trend usdjpy
  • USD/JPY broke key level

Price Movement
Since last Friday, USD/JPY moved up by around 25pips before moving back down by around 115pips.

Trend
Overall, USD/JPY is trending downwards.

Important Issue
None.

Technical
This morning, USD/JPY broke the 111 key level when the market opens.

Price Levels
Current Price: 110.548
Next Resistance: 111.700
Next Support: 109.900
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