Levels to Watch on USDJPY
Updated
Good evening traders.
In anticipation of a bit of a slide to the downside on USDJPY I'd like to bring some attention to the zone between 110.9 and 110.64. It is entirely possible that we see a sharp reversal in or around that area that forms the week's low as there are still signs of further upside on this pair.
Lastly, in the event of a significant downside move, be mindful of the 110 handle (110.11 precisely).
In anticipation of a bit of a slide to the downside on USDJPY I'd like to bring some attention to the zone between 110.9 and 110.64. It is entirely possible that we see a sharp reversal in or around that area that forms the week's low as there are still signs of further upside on this pair.
Lastly, in the event of a significant downside move, be mindful of the 110 handle (110.11 precisely).
Note
I'd like to see a significant reversal signal soon otherwise I may consider cutting this loss.
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