USDJPY: The Bears Are In Control
Jason Sen | Aug 10, 2017 09:26AM ET
USDJPY bears in control as we break the 109.90/82 low & bottomed exactly at the next target of 109.60/50. A break below here today targets quite good support at 109.35/30 & again at 109.15/10. Within this 25 pip area we could see a low for the day. A break lower however targets the June low at 108.80.
First resistance at 110.20/24 on this bounce. Above 110.40 allows a further recovery to a selling opportunity at 110.65/70. Try shorts with stops above 110.95.
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