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Consistent Japanese Yen Holds the Pair USD/JPY Around 17-month Low -

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    • Consistent Japanese Yen Holds the Pair USD/JPY Around 17-month Low
Apr, 11th 09:34

ob-trade-idea

On chart H1, U.S dollar is experiencing a downward pressure against a steady Japanese Yen. The major currency pair has slumped strongly from the resistance of 109.105 and is moving sideways since the early trading Asian session. Further slide is expected as the RSI (14) has not broken into the oversold territory yet. Although USDJPY has failed to break the 17-month low at 107.658 time after time lately, there are many chances that a breakout may happen soon.

Buy Digital Put Option at 106.905, Buy Digital Call Option at 108.062.

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