USDJPY - Still in a steady uptrend
USDJPY (1H) - intraday bullish bias
The Japanese yen keeps weakening as the US-China trade dispute showed signs of easing lately. The USDJPY is climbing along a well-defined trendline from its September low. We expect the pair to bounce off the line and continue its way up toward the previous high. 108.15 will be our immediate target for the day.
Key support: 107.75/107.60
Key resistance: 108.15/108.30
The Japanese yen keeps weakening as the US-China trade dispute showed signs of easing lately. The USDJPY is climbing along a well-defined trendline from its September low. We expect the pair to bounce off the line and continue its way up toward the previous high. 108.15 will be our immediate target for the day.
Key support: 107.75/107.60
Key resistance: 108.15/108.30
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