USD/JPY Sinks Back To Support
Jason Sen | Apr 17, 2014 05:29AM ET
USD/JPY hit our target of 102.35/40 and topped exactly here as predicted. The pair have sunk back to support at 102.00/95 but below here look for a buying opportunity at 101.40/30. Just bear in mind with the daily chart oversold, we have lots more support with March lows at 101.25/20 and 10 month trend line support at 101.10.
Above 102.05 is more positive again and targets 102.17/19 then a retest of resistance at 102.35/40. Again a high for the day is possible but be ready to go with a break higher for the next target and resistance at 102.70.
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