Last Updated Date: 11 March 2021 @ 8:12 AM (UTC)
*Please note that all the dates are in GMT time zone
As the USDJPY is in the overbought area for the last 5 days, the market is signaling a bear downturn as a minor correction with the breakout under the previous swing low opening up potential for a wash to 107.80. Trade is poised for follow through pressing declines ⇒ 107.45. Any corrections will likely stay trapped below 108.88.
Resistance 2 108.87
Resistance 1 108.59
Support 1 108.13
Support 2 107.80