USDJPY Needs to find its way

10 thg 1, 2018

With the start of the year Banks started to talk about YEN will be stronger in 2018. With this move USDJPY and other YEN pairs started to hype up. Even Unemployment rates' news came positive from US side didnt effected chart well to take it up back to 113. band. We saw the USDJPY moves and consolidates around 112.80 and 112.20 band. With todays Eu session opening we expect a bit higher points around 112.40 which fibbo %78.6 holds abd also minor-major uptrend line. If we see a breakdown on trend chart will continue its way up till 112.80. If it bounces back it will retest our supportive area at 112.20 -112.