Good evening traders.
116.05 marks the "line in the sand" on USDJPY.
Only a sustained break above the figure will reduce selling interest and revive upside focus.
Until then, selling opportunities are preferred.
115.07 marks the first key institutional resistance level where we may see selling pressure.
A push into the figure may be matched with swift selling.
Further downside see short-term support at 113.63.
Enjoy!
116.05 marks the "line in the sand" on USDJPY.
Only a sustained break above the figure will reduce selling interest and revive upside focus.
Until then, selling opportunities are preferred.
115.07 marks the first key institutional resistance level where we may see selling pressure.
A push into the figure may be matched with swift selling.
Further downside see short-term support at 113.63.
Enjoy!
