USDJPY the pair rejected higher prices to sell off on Thursday opening the door for more weakness. On the upside, resistance comes in at 108.50 level. Above this level will turn attention to the 109.00 level. Further out, we expect a possible move towards the 109.50 level on a break of that area...
The dollar continued to decline during today's Asian session. At the beginning of the European session on Thursday, the DXY dollar index futures were trading near 97.04, 20 pips below the opening price of today's trading day and 56 pips below the opening price of the current week...
Pivot (invalidation): 12930.00 Our preference Short positions below 12930.00 with targets at 12860.00 & 12830.00 in extension. Alternative scenario...