USDJPY resistance test
USDJPY last week has reached support zone near 108.00 of wide range, where we expected the slowing down of price drop and back to the range. However, it didn't happen. Demand wasn't activated there and the price broke down support zone, and this is resistance now. The price reached the level of 105.50 where the demand activated and price returns to the area of broken support.
In our predictions, we expect that price will go back near 108.00 where the supply should become active and there we will be finding for opportunity to open sell with agreemnt of current trend. The first price targe is near 104.00 and the second target is near 100.00
In our predictions, we expect that price will go back near 108.00 where the supply should become active and there we will be finding for opportunity to open sell with agreemnt of current trend. The first price targe is near 104.00 and the second target is near 100.00
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