Last Updated Date: 25 August 2021 @ 7:58 AM (UTC)
*Please note that all the dates are in GMT time zone
USDJPY trade is back into a sideways situation leaving the market on the balance level between bull / bear trend forces. A close over 110.12 implies rallies to 110.80. A close over 109.90 is bullish. Be prepared for additional near term dips and consolidation back inside Monday’s range, but trade should try to hold near 109.40. A close under 109.11 is bearish.
Resistance 2 110.12
Resistance 1 109.84
Support 1 109.40
Support 2 109.11