USD/YEN Update – 19/04/2017 (10:50am) – by Arjun Lakhanpal
April 19, 2017USD/YEN Update – 19/04/2017 (10:50am): USDJPY on the charts:.momentum above the 109.00 handle is likely to confront resistance near 109.20-25 region, above which the pair is likely to aim towards 109.40-50 horizontal resistance. A follow through buying interest seems to assist the pair back towards reclaiming the key 110.00 psychological mark. On the downside, 108.45-40 zone remains immediate support to defend, which if broken could accelerate the slide towards the 108.00 handle before the pair eventually drops to test 107.70 support.
