USDJPY is in a downtrend but given that there was a big fall in the price yesterday there could be a slight recovery today
The downtrend could end at 110.2 and given that it's so close the price might just go for it right away without a retracement
Most likely scenario: USDJPY will go down or have a small recovery and then go down
Alternative scenario: USDJPY will have a bigger retracement or will change it's trend
The downtrend could end at 110.2 and given that it's so close the price might just go for it right away without a retracement
Most likely scenario: USDJPY will go down or have a small recovery and then go down
Alternative scenario: USDJPY will have a bigger retracement or will change it's trend