USDJPY undergo selling momentum and manage to break 116 level for the first time. Key level to watch on the momentum continuation and 116 support turn resistance is a key price action to watch.
Once retest successful, the selling momentum should continue to 114.8 to 115 area before back to old time support 114 and 113.
Key thing to take note is key data like ADP and ISM is coming out tonight and tomorrow NFP. Support interference might come in earlier than the price action is expected.
Once retest successful, the selling momentum should continue to 114.8 to 115 area before back to old time support 114 and 113.
Key thing to take note is key data like ADP and ISM is coming out tonight and tomorrow NFP. Support interference might come in earlier than the price action is expected.