USDJPY

Further to my analysis on 21 Feb. since the price close inside the monthly wedge, the breakout was a false breakout. The next support for the price could be around 106.78, since it is a pivot for the pair since June 25th of the last year. Since the false breakouts produced aggressive move in the opposite direction, 106.78 could be a temporary stop and the pair might trend toward the bottom of the wedge, somewhere between 106.00 and 105.50.