USDJPY continues to display a softer tone. Intraday momentum studies still point south however to strengthen a bearish theme, price needs to trade below 104.94, Oct 2 low. This would open 104.00, Sep 21 low. While 104.94 remains intact, the recent sell-off is considered a correction. The bull trigger is at 106.11, Oct 7 high where a break would resume bullish pressure. Initial resistance is at 105.63.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Bullet Foreign Exchange Technical Analysis Markets Foreign Exchange News

Edward Hardy

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Bullet Foreign Exchange Technical Analysis Markets Foreign Exchange News

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