USD/JPY Forecast

USD/JPY edged higher during the Asian session, currently trading on resistance level 1 at 107.300 after failing to break 107.400 showing little follow through!

The forecast is for a subsequent downward movement towards support at 107.030.

If the pair manages to break support level 1, a continuation of the downward movement can be expected.


Support: 107.035 – 106.915
Resistance: 107.280 – 107.420