USDJPY (108.17): USDJPY slipped to 108.26 marking the lower end of the support zone that has been established. This potentially means that the US dollar could be posting further losses on a daily close below this level. The double bottom pattern that initially formed has been breached and exposes the downside in the currency pair. The next main support is at 108.00 level with major resistance likely to be established at 109.15.
