Major support reached | 24 October 2013
24 October 2013, USD/JPY
The USD/JPY pair has been consolidating at formidable support, with still more further down at the 96.95. There are various counts to the down-side, but the main count from the highs is to 95.65. A clear move below the 96.95 support level would indicate a continuation down to the target, however, current support is multiple and strong and there remains a risk of a recovery bounce.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
