SuperForex

USD/JPY - the pair continues to fall

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
This morning, the pair fell to the level of 110.28, continuing yesterday's decline. Now the pair managed to break through and consolidate below the support level of the beginning of the last week. We expect the pair to continue its downward movement to the support level of 109.95. Otherwise, the pair may consolidate above the level of 111.14 and move up near the mark of 111.40

Current resistance levels are at the marks of 110.60, 111.10, 111.50

Support levels are around the marks of 109.95, 109.75, 109.35

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.