It is having an important support at the level of 118.60. If it breaks its and sustains below it then we can expect it to show further movement in the pair.
is sustaining in selling territory indicating the upcoming in the pair.
is sustaining near selling territory indicating the upcoming in the pair.
STRATEGY: USDJPY is looking on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.