USDJPY pair is still holding 101.5 as a support level. This support level is important and rather solid however, one should carefully watch the zone between 101.25 and 101.5.
Indicators show that there is still a room for the downside, but we would be at an oversold level, i.e market would react immediatly on the upside.
Therefore as far as 101.5 is holding, the headline goal remain the same.
On the daily chart the trading range remain 101.5-103.5.
Indicators show that there is still a room for the downside, but we would be at an oversold level, i.e market would react immediatly on the upside.
Therefore as far as 101.5 is holding, the headline goal remain the same.
On the daily chart the trading range remain 101.5-103.5.
