Good morning traders.
USDJPY is finding some support in the 114~ area ahead of the strong support figure at 112.88.
Expect to see selling pressure subside as buyers protect the 112.88 figure.
Only a break below 112.88 will expose further downside.
We can expect to see consolidation/upside off the support figure.
116.05 marks first key resistance to keep pressure on the downside.
Enjoy!
USDJPY is finding some support in the 114~ area ahead of the strong support figure at 112.88.
Expect to see selling pressure subside as buyers protect the 112.88 figure.
Only a break below 112.88 will expose further downside.
We can expect to see consolidation/upside off the support figure.
116.05 marks first key resistance to keep pressure on the downside.
Enjoy!