Description
⋅ The USDJPY was forecasted to move to downward in medium term for 112.00-102.00. The estimated price movement likely to as follows:
112.00-109.50 bearish - 250 PIPs
109.50-110.75 bullish - 125 PIPs
110.75-107.00 bearish - 375 PIPs
107.00-108.25 bullish - 125 PIPs
108.25-104.50 bearish - 375 PIPs
104.50 - 105.75 bullish - 125 PIPs
105.75-102.00 bearish - 375 PIPs
The estimation is based on price stability management outlook.