As expected on Thursday. the USDJPY market is signaling a short term turnaround and hints for 105.42. Near term action is pulling back into a correction, cautioning for a slip into basing congestion at 10.4.40. A bounce off 105.95  and complete retracement of Monday’s range will rekindle bull trending action.

R2          106.50
R1          105.00

 
S1          105.52
S2          105.24