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UnknownUnicorn261897

USDJPY Daily Analysis

U.S. Dollar / Japanese Yen (FX:USDJPY)  
UnknownUnicorn261897  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY USD jpy consolidation support technical analysis price action
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usdjpy usd jpy consolidation support technical analysis price action
Good morning traders.

USDJPY is finding some support in the 114~ area ahead of the strong support figure at 112.88.

Expect to see selling pressure subside as buyers protect the 112.88 figure.

Only a break below 112.88 will expose further downside.

We can expect to see consolidation/upside off the support figure.

116.05 marks first key resistance to keep pressure on the downside.

Enjoy!
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