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USDJPY Technical Analysis And Key Levels

Bulls vs Bears

USDJPY Technical Analysis And Key Levels

We just want to keep it simple.

As described in the chart, 106.200 is broken down.

We have a weak support at 105.940 ( EMA 50 and Fibonacci 50 of XC Move )

105.850 105.500 will be the next targets of the pair.

105.600- 105.500 region is an important support.

If it breaks below the support, we will see the Bears much eager to sell.

105.200, 104.650 and 104.00 will be the next targets of the pair.

If it fails to break below, Bulls may come back to the arena.

You can follow the chart and the prediction:

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
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