USDJPY Outlook – Update
USDJPY we already see that a pullback has started.
With the medium term trend is still bullish, this week has the bulls re-entering at the bargain prices as they successfully captured the 103.00 handle. More upside is expected with targets at 103.50, 103.75 and 104.00 unless bears can re-capture 103.00, which would open the way for 102.75, 102.50 and 102.25.
USDJPY Price touched the 104.00 resistance last week after a break of the down trend line and we are currently seeing a rejection off this level.
Looking out to the multiple support level for a potential buy setup for next week.
Follow up for updates!!!!