The pair is under pressure and it has moved from the resistance 109.40 area.
There is a chance we move toward 106.50 again short-term. The stoch and SMI are negative, and since USDJPY will likely move towards 144.50 area, this cross will move in tandem as well.
Strategy SELL @ 108.60-108.90 and take profit near 106.87. SL based on personal preferences.
There is a chance we move toward 106.50 again short-term. The stoch and SMI are negative, and since USDJPY will likely move towards 144.50 area, this cross will move in tandem as well.
Strategy SELL @ 108.60-108.90 and take profit near 106.87. SL based on personal preferences.
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