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Greenback Continues Upward Trajectory, USDJPY Just Shy of 115 Mark

USD
  • The US dollar continues to grind higher with broad dollar indices at their best levels of the day.
  • Worth noting USDJPY is narrowing the gap to last week's highs at 114.97.
  • Clearance of 114.97, Nov 17 high would remove bearish concerns following a bearish engulfing candle signalling a potential short-term reversal.
  • USDJPY remains in a technical uptrend overall and the next resistance can be found at 115.51 High Mar 10, 2017

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