jamison_fx

USDJPY IMPORTANT AREAS FOR NEXT MOVE

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY I will be watching early this week for a possible short term move back to make new resistance of 106.700 area then possible shorts to 105.000. Things can change very quick, ill be waiting to see early in the week if their is a continuation to the downside or a move straight away back up, on the daily you can see price has made a very bearish candle on Friday breaking below the 106.700 support but has made a wick and price has close back above the next support at 106.000. Let the market settle and then ill be looking at possible trades after the daily closes on Monday to see if theirs any clear direction.

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