The US Dollar depreciated 0.08% against the Japanese Yen since Thursday’s session. During the previous trading session, the currency pair passed through the SMAs resistances to stop the trade at 112.15. During Friday’s morning hours, the US Dollar was broke the SMAs resistances to trade at 112.43 mark.
In regards to the near-term future, most likely, the US dollar will be supported by the 55-hour and the 200-hour SMAs to push the rate to trade on the higher level to break the resistance of the monthly PP at the 112.60 mark.
On the other side, the monthly PP at 112.60 may resist the currency exchange pair to push the rate to trade backwards at 112.40 level.
– advertisement –
Signal2forex.com - Best Forex robots and signals
