The Traderszone Network

Published in TZ Latest News 12 December, 2016 by The TZ Newswire Staff

USDJPY slips and slides down from 116.00

What took all morning has been undone in minutes
From lofty highs of 116.12 we’re now heading back to the lows.
USDJPY 30m chart
This morning’s lows correspond with the late Friday lows and if we fail there, then we’re on for a test of 115.00. Should that break too we’ve support next around 114.70/80 and 114.40/50. 115.60 is the main resistance now but that might shift down so sub 115.50 if this move continues.