USDJPY performed 2nd test of daily support 111.30 Long
U.S. Dollar/Japanese YenFXCM
Description
⋅ USDJPY on daily timeframe has tested for second time dynamic support 111.30 from May-Dec 2013 daily trendline.
4-hour chart confirms support area with descending brown trendline.
Expect rebound from the mentioned level up to 116. Intraday chart highlights short-term resistance levels marked with yellow lines: 112.45 and 113.20.
Trade closed: target reached
⋅ Both targets reached.