USDJPY Testing Final Key Support

FX:USDJPY   U.S. Dollar / Japanese Yen
Price fallen sharply last week as global equity saw corrections across the board. Where recently the pair has had a high correlation with the stock market.

Trade Step-ups:

Scenario One ( Bullish Reversal): Price rejects a bearish breakout. Look for a move to the topside of the trend channel.

Scenario Two ( Bearish Breakout): Price breaks bullish channel trend, look for consolidation below 111.500.


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