- Number of messages : 1
Points : 1260
Date of Entry : 2017-08-11
Residence Country : Maryland
on Tue Aug 15, 2017 7:45 am
USDJPY pauses for breath near session highs
A good session in Asia for the pair as N Korean concerns recede 15 Aug
A few offers/resistance expected around 110.30 and 110.50 with larger into 110.80 are the next obstacles to clear if we are to progress further, but that will depend on how NK concerns play out from here as well as US retail sales data later.
Expect demand now into 110.00 and 109.80
Yesterday it was USDCHF leading the way as I highlighted but that pair has been slower to react to this latest risk-on move. Currently 0.9735 near session highs with EURCHF underpinned still at 1.1463 but CHFJPY climbing to session highs of 113.29.
Offers/res on USDCHF between 0.9750-60 and EURCHF at 1.1480 where it's capped so far.
Demand/support into 0.9720 then 0.9700. EURCHF demand at 1.1450 and 1.1420.
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