Last Updated Date: 28 July 2021 @ 11:17 AM (UTC)
*Please note that all the dates are in GMT time zone
The USDJPY market is short term bearish with trade still suggesting a breakout under the 109.90 weekly low. The formation alerts for washouts near 109.38. Any corrections will likely hang below110.70 and use congestion to bear flag. A close over 110.96 stops aggressive bear forces. Only a close over 111.30 signals a reversing turnaround.