Possible short positions from 112.00 - 112.50 area
Comment:
USDJPY now reached support trendline from the descending channel. This area is close to 200 SMA and represents S2 from the monthly pivot points. Thus, there might be a reversal movement back to 112.50, which represents Monthly and Yearly pivot point, and is close to 50 and 100 SMA. But no action will be taken before the long weekend.
