CapMoore

Daily Outlook with supoort levels

FX:USDJPY   U.S. Dollar/Japanese Yen
290 1 1
102,05 level is minimum target of completed pattern, so
technically it could resume bull trend from here, which is
also the 5/8 extension of larger first impulse. Completion
of first minor impulse wave from the top is at 101,45- Thus
it is in the red support zone made up of Weekly S1, previous
major top, and 38,2 fib. extension of first larger impulse
wave.
A deeper move down could be spurred by markets tendency to trade the Yearly Pivot Point. It comes in at 99,09.
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