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USDJPY News

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Last Updated Date: 19 January 2022 @ 12:31 PM (UTC)
*Please note that all the dates are in GMT time zone

The market is sliding back into bear trending and positioned to attack the previous Friday’s reversal low. A close under 114.14 projects a larger selling wave to 113.48. Any corrections trapped inside last Tuesday’s narrow congestion day will maintain bear forces. A close over 115.48 is needed to signal a reversing / bottoming turn.

Resistance 2       115.21
Resistance 1       114.93
 
Support 1            114.37
Support 2            114.14

 
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