USD/YEN Update – 10/07/2017 (10:45am) – by Arjun Lakhanpal

July 10, 2017 by

USD/YEN Update – 10/07/2017 (10:45am) – With the push above the important 113.00/10 area (76.4% retracement), a closer test, if not break of the 114.37 May high now seems likely. Deeper short term targets enter at the 115.50/116.00 zone (March high/76.4% retracement)., before the 118.66 Dec high. Near term pullbacks should find support at 112.74/111.73 levels and recent reaction lows. Violations of the latter would be a near term negative suggesting another shift within the range.