$USDJPY is potential for making an excess low (spring) at daily structure. if there is a new buyer, this will bring USDJPY to the 109 level which I consider as an axis line, which mean 108.45 resistant zone is expected to be broken. This resistant I consider as a poor high. This Bullish bias will not be easy, because we need $DXY , the US dollar index to go higher too. Otherwise, the bearish will still in control an it may test 105.50-105 support zone. This is not clear yet as $DXY do have a responsive buyer after breaking the structure.
We need to see $USDJPY to trade above 107 to see bullish power, otherwise it will trade lower.
We need to see $USDJPY to trade above 107 to see bullish power, otherwise it will trade lower.
