USD/JPY : The Dollar Yen holds its support and goes back gradually in the direction of the recent highest




The USD/JPY pair bounced on the Forex, and could soon find his recent area of resistance.

After failing to break above 112.50, USD/JPY declined on two occasions to eventually find support around 111.60.

The last test of yesterday caused by the comments of North Korea has thus far held, and we are seeing now is a rebound of the pair with a general increase in the Dollar on the Forex.

So we could now go back in the direction of the resistance of 112.50, that it will be necessary, however, to break the bullish trend can resume its path.

Above, we have then an important new area of resistance to 112.80/113.00.

A break above could encourage the robust recovery of the increase, with a target short-term towards 114.30/50.

However, it will also pay attention to the obstacle intermediaries to 113.50 and 114.00.

The downside, first support comes, therefore, towards 111.60/50, a break would strengthen the correction in the direction of 111.00/110.75, an important support zone to preserve to avoid a bearish reversal of the short-term.

The pair USD/JPY is currently trading at 112.10 on the Forex.

Chart USD/JPY H4



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