USDJPY (109.02): The USDJPY closed at 109.20 yesterday marking a fresh 4-month low. The declines could see USDJPY falling to the previous support level at 108.26 in the near term. The support level help stall the declines. On the 4-hour chart, resistance could be seen forming near 110.44 – 110.34 region that was recently breached. To the downside, unless we see an intraday bounce, USDJPY could be seen extending the declines down to the 108.26 level.
: The USDJPY closed at 109.20 yesterday marking a fresh 4-month low. The declines could see USDJPY falling to the previous support level at 108.26 in the near term. The support level help stall the declines. On the 4-hour chart, resistance could be seen forming near 110.44 - 110.34 region that was recently breached. To the downside, unless we see an intraday bounce, USDJPY could be seen extending the declines down to the 108.26 level.){kind=link}