The USD/JPY is having a retracement but the price has come into the decision zone. It makes it or breaks it for the pair.
The USD/JPY is having a retracement but the price has come into the decision zone. It makes it or breaks it for the pair.
78.6-88.6 is the zone where the next move will happen. The price will either reject the zone or bounce off. 105-05-105.20 is the POC. A rejection of the zone targets 104.78 and 104.54. A bounce above targets 105.40 and 105.60. Watch for price action as the USD/JPY ATR(14) is generally low, making only 47 pips per day.
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