The USD/JPY is now facing support at 107.790 along with resistance at 108.130. The violation of 107.790 will help us determine further trends in the market. The 20, 25 and 50 periods EMA is keeping the USD/JPY bearish below 108.250 area. So let's stay bearish below this level to capture a sell until 107.900 and below this, we may see USD/JPY going towards 107.600.
The USD/JPY is now facing support at 107.790 along with resistance at 108.130. The violation of 107.790 will help us determine further trends in the market. The 20, 25 and 50 periods EMA is keeping the USD/JPY bearish below 108.250 area. So let's stay bearish below this level to capture a sell until 107.900 and below this, we may see USD/JPY going towards 107.600.