Analyst from the company ForexMart (ForeksMart)
USD / JPY. 08.05. The fight for the key level of 113.00
A currency pair USD / JPY consolidated under round 113.00 resistance level, the strong line simple MA (100) on a daily taymfeyme. On the same level is a simple MA (100) on the weekly chart, it means - a key level for which the fight will unfold this week. The breaking resistance opens the way for the bulls to 115.00, and gives a chance to rebound in the medium term, the bears go to 108.50. With more likely to expect the downtrend to continue, but probably need a couple of time to get out of the overbought zone, also did not exclude false breakdown 113.00. Today, the pair is trading on the slide, the immediate goal is to 112.00. Important economic reports do not have a pair, but traders remember the good US labor market data on Friday, and it can make sure the US currency.
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