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pookiethepirate

USDJPY approaching 102.500s near support: New strucuture point?

U.S. Dollar / Japanese Yen (FX:USDJPY)  
pookiethepirate Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
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trendanalysis
USDJPY is opening up at a gap around 102.500s but with daily support at 102.300s and the first target of USDJPY's bearish structure. Now, opening with a 50 pip gap or so, will it retest a weekly level at 103.313 to continue downwards? Or go higher to form a bigger daily lower high? OR change direction (least likely)






Comment:
Used a currency site that suggests USDJPY would open lower, its usually accurate. Downside bias remains.
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