UsdJpy outlook
After the false break at 110.00, UsdJpy dropped violently and stopped only when it touched 108 support.
Now the pair is consolidating losses and a continuation of this drop is very likely.
A daily close under 107.70-107.60 zone would signal that the consolidation is over and UsdJpy could fall till 105 support area
Now the pair is consolidating losses and a continuation of this drop is very likely.
A daily close under 107.70-107.60 zone would signal that the consolidation is over and UsdJpy could fall till 105 support area
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