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The pair is depreciating back toward 110.60. I think if it breaks out below it the pair will reach 110.20.
Staying out of this pair for now. Would be interesting to see how the USD moves.
Staying out of this pair for now. Would be interesting to see how the USD moves.
It looks like the depreciation may continue, USD/JPY is testing the support at 110.20. If it breaks out below it I think it may fall below 110.00.
This pair has been tough to trade recently.
USD/JPY did break out below 110.00 and the move south isn't over yet. I think it will drop to 109.00.
The pair broke out below 109.00, I think it will depreciate at least to 108.00 in the short term.
USD/JPY accelerates decline after failing to hold above the support around 108.80-75. Next target for bears is seen at 108.25.
The pair rebounded from 108.50 and is developing a correction at the moment. I think it may reach 110.00.
USD/JPY is about to close around important long trem support around 107.60 – 107.80 area provided by the symmetrical triangle at the monthly chart.