JHS

USDJPY Price Action based upon Technical Analysis

FX:USDJPY   U.S. Dollar / Japanese Yen
7
USDJPY Price now reached 114.00 round number and sat on Supply level.
Price is also resting on 61.8 Fib Retracement from most recent swing high / low levels.
Indicators showing overbought with signs of weakness appearing.
This is currently not a trade so will mark it Neutral.
However I have it in view to monitor for a possible short trade.
I hope this may prove helpful.
Best wishes, John
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