USDJPY
UJ most likely will re-test 109.700 area which is strong Daily S/R and last swing 62.8% Fib level.
I expect for UJ to test the low of 105.00 / 104.900 area before reversing into bullish trend.
On the lower timeframes, H4 and H1, we have a valid bullish setups until mentioned 109.700 - the January NFP channel is giving a nice minor support level (approx 115 pips).
I expect for UJ to test the low of 105.00 / 104.900 area before reversing into bullish trend.
On the lower timeframes, H4 and H1, we have a valid bullish setups until mentioned 109.700 - the January NFP channel is giving a nice minor support level (approx 115 pips).
Penafian
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