USDJPY 126.300

668
Goldmans prediction of UJ reaching 126 looks on track. We can see the UJ down channel and last previous support was down at 126.3 where we could see a bounce also down at the lower down channel trend line. I will be watching for rejection on this level and possible pullbacks but with DXY broken out its uptrend this would only be a pullback move

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.