Yesterday's 'almost doji' candle gave us a little bit of hope, that bearish market on USDJPY is going to pause for a while. Waiting for an occasion to go long, 110.60/40 area was pretty interesting. But weak dollar didn't make it and it's close enough to say that we're getting a pinbar on daily chart of USDJPY.
Stronger sellof which occured on pair this afternoon makes forecasting harder but there are at least two levels which should be considered in tomorrows trading. First is 110.70/60 area which probably will hold the dollar bulls for a while. Second is 110.00 which is the nearest support level. Pair might also try test the blue trendline which is currently at 109.50
Stronger sellof which occured on pair this afternoon makes forecasting harder but there are at least two levels which should be considered in tomorrows trading. First is 110.70/60 area which probably will hold the dollar bulls for a while. Second is 110.00 which is the nearest support level. Pair might also try test the blue trendline which is currently at 109.50
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