USDJPY: With USDJPY following through lower on the back of its Wednesday weakness on Thursday, further downside pressure is likely in the days ahead. On the downside, support comes in at the 122.47 level where a break will target the 122.00 level. Below here if seen will aim at the 121.50 level followed by the 121.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 123.50 level with a turn above here aiming at the 124.00 level. A break will target the 124.50 level. Further out, resistance comes in at the 125.00 level. On the whole, USDJPY remains exposed to the downside on pullback.
Get More Power Over Your Trading With Less Hassle
FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results
GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE
The Award-Winning Analysis Solution for Forex & Commoditidy Traders
Your trading, made easier
Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.