Sforex
Short

USDJPY: Could it hold the current bid ?

FX:USDJPY   U.S. Dollar / Japanese Yen
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7
USDJPY had had a strong effort to rally to 110.60 from the trough 105.25

Now USDJPY is testing strongest resistance levels :

- Descending trend line
- Kumo cloud
- SMA50 + EMA50
- Resistance 110.60

So I think USDJPY should bounce from those resistance.

My pick : SELL USDJPY back to 108

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thank so much
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