FxWirePro: USD/JPY pauses decline, scope for further upside
USD/JPY has paused its declined as positive US economic data released earlier in the US session limited the pairs downside. Further downside is expected to be limited as the pair finds strong support at 103.67 which shou…
USD/JPY has paused its declined as positive US economic data released earlier in the US session limited the pairs downside.
Further downside is expected to be limited as the pair finds strong support at 103.67 which should limit further decline and bring rebound towards higher levels in the short term.
To the upside, the strong resistance can be seen at 105.10, a break above this level would take the pair towards next resistance level at 106.00.
To the downside immediate support can be seen at 104.40, a break below this level will open the door towards next level at 103.67.
