Due to geopolitical factors, overall uncertainty, the growth in Europe and the forecast for a stronger euro could suggest the decline in the dollar amongst other reasons is far from over. That being said it can still advance on the yen, so caution is always needed ! Lets see if we can break through the April lows support area...A short can be taken below 10800 with a stop just above what is now resistance. I have a 1st target at 10730 and a 2nd at 10555.
Alternatively If Support holds at the April lows and we get 2 Daily candles with higher highs and higher lows, then a Long position could be taken with stops just below support.
Alternatively If Support holds at the April lows and we get 2 Daily candles with higher highs and higher lows, then a Long position could be taken with stops just below support.