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Regulator fca

USD/JPY Possibly Up to 107.20 if 106.60 Breaks

Februar 19, 2018 11:11

Source: Admiral Markets MT5

The USD/JPY has been rejecting the POC zone 106.16-30 and the price formed a V-shaped bottom. The recent USD recovery aims for 106.60 and if the price makes a 4h close above 106.60 we could see 107.20. At this point the pair is supported but for bulls to dominate 106.60 must be broken. A steep retracement trend line break suggest further up, but if the price breaks below 106.00, we could see bears dominating again and the price might turn down to 105.40 zone.


Opozorilo o tveganju

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