USD/JPY needs to reclaim 110.00

1 August, 2017

Bears returned the ball last week and sent the US dollar to new losses. The pair broke 111.00 and advanced to 110.50 where the major lost momentum and turned around. The US dollar started a correction on Monday. The resistance lies at 111.00, the support comes in at 110.00. USD/JPY needs to reclaim 110.00 before the pair will continue its decline. If sellers succeed they will drive the market to 109.00. 


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