USD/JPY Finds Support

18 April, 2017

USD/JPY Finds Support

USD/JPY may have been through something of a technical sell-off, but support has come through in the form of the 200 day moving average and the 50% retracement of the June-December ’16 rally. Failure to break higher could open the way for a return to recent lows around 108.12.

AUD/USD has moved back above the 200 day moving average, but a renewed break below here would open the way for a slide down to the 0.7450-0.7475 region reflecting recent lows and the 50% retracement of the Q1 rally.


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