USD/JPY Pullback from minor resistance 110.03

4 thg 5, 2018

USDJPY USDJPY retreat from 2 month high ahead of U.S Jobs Report on Friday.

USD/JPY traded @109.163 with high volume and climbed up tp 110.03 as expectation of FED rate hikes in June.
However, USD/JPY have thin trade @110.03 with low volumes and reject from this level as SPX Futures report losses.
USD/JPY highle correlated to SPX and DJI.


USD/JPY may be retrace to 108.00 where low volume level and could rebound to high volume level.

The pair hit new low in March 23 but ROC (momentum indicator) rise and value crossed zero level. There is a bullish divergence has occurred.

Short @ 109.50
Target @ 108
Cut @ 110.50