Yesterday, usdjpy retraced to the just broken resistance level $104.06 but could not go any lower. We expect this level, $104.06, to now act as a support to any aggression to the lower side, thus, as long as the pair trades above this resistance line, we expect a possible bullish price movements towards $106.19 or even higher. A breakout below 103.93 may invalidate the anticipated upward rally and could lead to a possible bearish price rally. To trade this pair successfully, consider trading it alongside USD/CHF and EUR/JPY. These pairs have a strong positive correlation to usd/jpy and will have a similar price action during this intraday.
Trade Recommendations:
As long as the pair trades above $104.06, look for potential long positions with an ideal target at $106.19
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 