USD/JPY Forecast April 18, 2017, Technical Analysis

The USD/JPY pair fell during the day on Monday, as we continue to see bearish pressure. We did test the 61.8% Fibonacci retracement area though, and it would not surprise me to see a little bit of a bounce from here. If we can break down below the 107.90 level, I think then we go to the 105 handle. Ultimately, this is a market that is trying to find its footing, but if there are a lot of global concerns out there geopolitically, there is going to be a significant amount of bearish pressure. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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