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ichimokucharts

USD/JPY - Buyers Lose Commitment On Change Of Trend

U.S. Dollar / Japanese Yen (FX:USDJPY)  
ichimokucharts  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Supply and Demand Pivot Points
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supportandresistance supplyanddemand pivotpoints
* Confirmed 1st time frame change of trend to the upside but the long shadow on the top of the candle highlights a significant lack of acceptance of prices at higher levels
* This suggests that the trend change may be short-lived and we could see USDJPY testing the middle of the weekly pivot points at 109.214
* That will be a crucial area and any bearish move down below there could see a test to Tenkan Sen, Kijun Sen and the 108.54 S1 pivot point support level
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