USD/JPY: U.S. dollar looks for support around its previous low at 105.170 following an overall sell-off in the U.S. dollar pairs. The U.S. dollar dropped out of the long term price channel highlighted in my previous post and took out two support price points at 106.405 and 105.770 before closing last week session at 105.352.
We might see the dollar attempt to test 105.770 and 106.00 price level if it holds the current support at 105.170. If it fails, the U.S. dollar could continue further down to 104.800 and 104.220
We might see the dollar attempt to test 105.770 and 106.00 price level if it holds the current support at 105.170. If it fails, the U.S. dollar could continue further down to 104.800 and 104.220
