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13 June 2018

Forex

13 June USDJPY Technical Outlook: Pair is strongly intraday bullish

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The USD/JPY pair continued scaling higher for the third consecutive session and built on the overnight bullish break through the very important 200-day SMA. What level is the pair currently trading? OctaFX shared their 13 June USDJPY Technical Outlook.

13 June, OctaFX – The US dollar has moved to a fresh monthly trading-high against the Japanese yen, hitting 110.68, as the greenback gains broadly ahead of today’s FOMC Interest Rate Decision. The USDJPY pair trades close to session high’s and remains strongly intraday bullish while trading above the 110.25 level.

Traders now look towards the release of US PPI Inflation data, and the Federal Reserve’s much awaited policy decision later today.

13 June USDJPY Technical Outlook

  • The USDJPY pair is strongly intraday bullish while trading above the 110.25 level, key resistance is now found at the 111.00 and 110.39 levels.
  • If the USDJPY pair falls below the 110.25 level, key technical support is found at the 110.00 and 109.60 levels.

Disclaimer

This article about 13 June USDJPY Technical Outlook was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.


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