Description
⋅ USD/JPY – Thursday’s hammer suggests a short-term bottom is in place, yet still stays bearish on a weekly basis; close above 110.00 could be a game-changer, forms a hanging man
• 3rd resistance: 110.71, 21-DMA
• 2nd resistance: 109.56, Dec. 31 low
• 1st resistance: 109.09, Jan. 8 high
• Spot: 108.84
• 1st support: 108.44, Jan. 8 low
• 2nd support: 108.02, Jan. 7 low
• 3rd support: 107.52, Jan. 4 low