In this video, the Trading Central looks at the currency pair USD/JPY for the May 10th session.
USD/JPY — Looking at the intraday 30-min chart, the USD/JPY pair is taking a break, after rising 1.4% in three sessions. Currently, intraday technical indicators are turning down calling for downward momentum for the pair. On the downside, if the pair breaks down below 113.55, we expect the downtrend to extend. On the upside, only a break above the key resistance at 114.00, will signal that the USD/JPY pair will resume its uptrend.
© Prabhu for Forex Videos, 2017. |
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