USDJPY Market Outlook | Daily Forex Market Breakdown
USDJPY
I still feel that USDJPY is going to push up and reject off 112 before rolling over to the downside. Resistance has been holding very well, and we do look like we may be breaking out to the downside now, but I am not fully convinced. I want to see USDJPY push up a bit higher giving us a clean rejection off 112 where I will be then looking to take a trade. Currently looking like we might attempt to push below the current trendline.
I still feel that USDJPY is going to push up and reject off 112 before rolling over to the downside. Resistance has been holding very well, and we do look like we may be breaking out to the downside now, but I am not fully convinced. I want to see USDJPY push up a bit higher giving us a clean rejection off 112 where I will be then looking to take a trade. Currently looking like we might attempt to push below the current trendline.
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