Forex: USD/JPY recovery attempt capped at 92.55, risk remains on the downside

  @ibtimes on

FXstreet.com (Barcelona) - The Dollar remains weak after dropping from 93.75 high, as the pair's attempt to set a base at 92.15 has failed with the Dollar recovery attempt capped at 95.55, and sent back to levels around 92.35 at the moment of writing.

The Dollar remains close to 92.15 session low an risking to extended decline, according to the FXMarketAlerts Team: Weak stance on the daily tools see risk for break to extend rejection from Fri's 93.78 high. Break to trigger stronger reaction to 91.25/53 area then 91.00/14 and 90.78 area.

Resistance levels remain at 92.75/85, and above here, 93.20 (Jan 4 high) and 93.45/50 (200 day SMA).

.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video