USDJPY potential buy

29 thg 8, 2020

USDJPY is still facing selling pressure due to some fundamentals beyond this analysis. This analysis should be taken with due precaution. The 0.382 Fib level is holding as a key support for the failing dollar. Below this level selling pressure will amount and pull the dollar probably towards the 0.23 level which is around 103.629. On the upside, immediate resistance is seen around 106.067 followed by 106,43 before the previous turning point of 106.932.