USDJPY: With USDJPY still retaining its corrective pullback risk, further weakness is envisaged. Resistance resides at the 103.00 level where a break will target the 103.50 level. Further out, resistance comes in at the 104.01 level where a violation will aim at the 104.50 level and possibly higher towards the 105.00 level. On the downside, support comes in at the 102.00 level where a break if seen will aim at the 101.50 level. A break if it occurs will aim at the 100.72 followed by the 100.50 and then the 100.00 level. Further down, support stands at the 99.50 level. On the whole, USDJPY remains exposed to the upside short term.
USDJPY: With USDJPY still retaining its corrective pullback risk, further weakness is envisaged. Resistance resides at the 103.00 level where a break will target the 103.50 level. Further out, resistance comes in at the 104.01 level where a violation will aim at the 104.50 level and possibly higher towards the 105.00 level. On the downside, support comes in at the 102.00 level where a break if seen will aim at the 101.50 level. A break if it occurs will aim at the 100.72 followed by the 100.50 and then the 100.00 level. Further down, support stands at the 99.50 level. On the whole, USDJPY remains exposed to the upside short term.
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