Sforex

USDJPY: 110 clearly is a strong psychic level. Floor for Yen ?

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
7
BOJ obviously dislikes current level of USDJPY.

They can't stop investors buy safe asset like Yen.

Many orders is putting take profit to 110 for USDJPY.

I draw on the chart, strong support is at 110.50

I think it's the floor of USDJPY.

This week, I want to see it retests 114.50 key resistance level.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.