ANALYSIS: USDJPY TO CLOSE BELOW 110.00
USDJPY could see further downside if the market can close below 110.00. Earlier in the week,
we discussed a potential breakout of the triangle consolidation pattern and the likelihood of the market
testing 110.00 demand zone on a dovish fed tone. Now that price has re-tested this zone the market is currently
breaking below it. If we see a weekly close below the level expect further downside to come.
we discussed a potential breakout of the triangle consolidation pattern and the likelihood of the market
testing 110.00 demand zone on a dovish fed tone. Now that price has re-tested this zone the market is currently
breaking below it. If we see a weekly close below the level expect further downside to come.
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