USD/JPY extends fall to 110.30 area as stocks selloff intensifie

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 8, 2019 12:19 AM

The pair could face the initial support at 110 (psychological level) ahead of 109.70 (Mar. 25 low) and 109.40 (Feb. 4 low). On the upside, resistances are located at 110.75 (100-DMA), 111.25 (50-DMA) and 111.55 (200-DMA).
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