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Emrut
Aug 2, 2019 4:58 AM

We can see a bounceup on USDJPY  Long

U.S. Dollar/Japanese YenFXCM

Description

After the customs tax news yesterday, it had been a steep loss on USD against JPY.
Today I expect a bounce back from USD. At least to the levels between 107,787 and 108,998. RSI may start to show uptrend on hourly chart shortly.

Order cancelled

Instead of bouncing back from 106,776 level, price broke down the support.
Now 106,776 is the new resistance
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