We see USDJPY ticking higher as expected into wave C, which can be final leg of a corrective bounce from 112.00. In fact, recovery can be wave 2), therefore a strong turn lower may occur in sessions ahead. There is a nice resistance coming in around 113.00 from where a potential sell-off may show up below 112.50 which would be first evidence of bearish continuation.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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