USD/JPY Short Then Long
USD/JPY is struggling to hold above 200 DMA and with mixed Japanese Data the sentiment seems to be weighing on the pair. I expect to see a short week ahead reaching support around 110.80
Looking at Monthly charts, price still has room to advance upward; so I anticipate it to return up near December Highs ( 113.20-113.80 )
*A break below 110.80 would open doors for further downward pressure to 110.30-108.60
Just my perspective ( take with a grain ) - would love to hear your thoughts
-Krecioch
Looking at Monthly charts, price still has room to advance upward; so I anticipate it to return up near December Highs ( 113.20-113.80 )
*A break below 110.80 would open doors for further downward pressure to 110.30-108.60
Just my perspective ( take with a grain ) - would love to hear your thoughts
-Krecioch
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