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USD/JPY : Daily Candle Breaking Below 113.30, may test 111.00

Short
Dollar Américain / Yen japonais (FX:USDJPY)  
goldtradingexpert  
FX:USDJPY   Dollar Américain / Yen japonais
Trend Analysis Fundamental Analysis Chart Patterns USDJPY usdjpyanalysis usdjpysignal
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trendanalysis fundamental chartpattern usdjpy usdjpyanalysis usdjpysignal
The US 10 years bond is dropping. As a result, safe-haven JPY is a bit stronger against all the major currencies.

From the current market price, 113.30 is identified as immediate resistance. So, the USD/JPY traders must wait where the daily candle closes.

If the USD/JPY closes below the 113.30 price zone, the market can test the 112.30 price zone very soon. And finally breaking below 112.30 price zone, last target to the downside 111.00 price zone.

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Idées en relation

goldtradingexpert
USD/JPY Analysis: Market could fall because of overbought zone.
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