Daily Technical Analysis For Feb 17: Japanese Yen Weak On Board

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Technical Analysis:

The Japanese Yen traded lower against all its major counterparts during yesterdays’s trading session so we are expecting more weakness from it today since its inline with the general direction for most of JPY pairs across the board. However most of these JPY pairs seems to be over-bought in the market so we can buy the dips at support levels.


Buy Trades: USD/JPY, CAD/JPY, AUD/JPY, EUR/JPY, NZD/JPY, GBP/JPY(strong news scheduled to be released from the GBP so caution is advised).

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