UsdJpy- towards 105?
After the great volatility on Thursday, on Friday was UsdJpy's turn to give a show.
The pair rose strongly to 107 zone just to drop aggressively around 150 pips after. This drop had put a bearish engulfing on the daily chart and gives me a reason to be bearish this pair.
106 zone should provide strong resistance now and rallies to this zone should be sold.
A potential target can be 105 zone
The pair rose strongly to 107 zone just to drop aggressively around 150 pips after. This drop had put a bearish engulfing on the daily chart and gives me a reason to be bearish this pair.
106 zone should provide strong resistance now and rallies to this zone should be sold.
A potential target can be 105 zone
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