USD/JPY MN CHART
USD/JPY D1 CHART
COMMENTARY
Current price: 108.85
- USD/JPY Looks Bearish below 110.20
- JPY highly oversold against USD, EUR, GBP majors
- Strong monthly resistance (see the chart above)
- 109.00 – 110.00 level is protected by option sellers
- Expect correction at least to 107.50, but can move significantly deeper
- Amendment and addition to USD/JPY SELL Idea from 17 July