USDJPY currency Pair Trading in Bearish Zone
USDJPY currency pair trading in lower range. On the upper the pair getting big profit takings. SD sentiment was dented after U.S. IBD/TIPP Economic Optimism Index had declined 2.4% to 45.1 in May from 46.2 in April as consumers grew more pessimistic about the economy, while U.S. consumer credit only increased by $8 billion in March (vs. +$16 billion forecast). USD/JPY is also weighed by Japan exporter sales.Trading Recommendation:-
USDJPY Pair trading below its pivot point 99.10. So it recommended to take SHORT position for target of 98.55 and 98.35
Resistance Level:-
99.45 (Monday's High)
99.77 (April 24 High)
Suggestion:-
Traders are advice to trade with technical trends. Always follow fundamental analysis to get good Trading Results.. We wish you good luck. Visit forexexam.blogspot.com regularly to increase your Forex profits. We deliver latest fundamental & economic news on daily basis. Don't Forget to LIKE US ON FACEBOOK
