USD/JPY Forex Tips For Day Trading
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The major finds immediate resistance at 117.67 (Dec 23 high). A break above the last, the major could test 118.43 (Dec 16 high) and 118.67 (10-month highs) beyond the last. While to the downside, the immediate support is seen at 117.15 (daily pivot) next at 116.72 (daily S2) and below that at 116.35 (20-DMA).
Currently the exchange rate of USD/JPY is 117.31.
Our Recommendation:
It is recommended to buy USD/JPY as it is going up in Forex Market.
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