UsdJpy- Bearish under 108.50

16 באפר׳ 2020

The trend for UsdJpy is clearly bearish with the pair putting in lower highs since the recent top of 111.50
Now the pair is correcting the recent drop and a break under 107.50 would signal that this correction is over.
Only a daily close above 108.50 would negate this scenario and give reason for a pause