LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

USDJPY reversed from support area; Likely to rise to 108.000

USDJPY continues to rise after the earlier sharp upward reversal from the major support area lying between the pivotal support level 101.300 (last time it reversed the price was in 2016) and the lower weekly Bollinger Band. The upward reversal from this support area stopped the earlier extended onward impulse sequence (C) form the end of 2018. With the rising bearish Japanese yen sentiment and considering the strength of the aforementioned support area – USDJPY is likely to rise further toward the next resistance level 108.000 (low of the previous wave (b) from the start of this year).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.