USDJPY (109.74): The USDJPY currency pair drifted lower on Thursday as price action tested the support level of 109.57 – 109.43 as mentioned on Wednesday. With the 4-hour Stochastics pointing to a lower low against a flat price action, the support level is likely to hold. This could post a rebound off the support level sending USDJPY to potentially target the next main resistance level at 110.62. Failure to rally toward the resistance level could likely signal a downside in price
