Sforex
Short

USDJPY: Could it hold the current bid ?

FX:USDJPY   U.S. Dollar/Japanese Yen
163 1 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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