Market Cap:
$256.5B
BTC Dominance:
68.14%
btc:
$9727.39
eth:
$197.02
xrp:
$0.27
Advertise
Forex

USDJPY price analysis - Pair remains bearish below 108.10

OctaFx | Jul. 1, 2019
USDJPY price analysis - Pair remains bearish below 108.10

1 July 2019, OctaFXThe US dollar has opened the new trading monthly strongly against the Japanese yen after a positive outcome from the G20 leaders meeting over the weekend.

USDJPY technical analysis

The 109.00 resistance level still remains the overall upside short-term objective for USDJPY bulls this week. USDJPY sellers may attempt to enter around this area, following the heavily bearish candle formation on the monthly time frame.

  • USDJPY price is only bearish while trading below the 108.10 level, key support remains at the 107.80 and 107.00 levels.

  • If USDJPY price trades above the 108.10 level, key technical resistance remains at the 108.44 and 109.00 levels.

USDJPY price

Disclaimer

This article was provided by OctaFX. It should NOT 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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.