USD/JPY Outlook (7th February 2019)

• USD/JPY testing support level
  

Price Movement
Since 1st February, USD/JPY had moved upwards for around 80pips.

Trend
USD/JPY is currently on an uptrend.

Macro Background
No major economic data release.

Important Issue
None.

Technical
USD/JPY is currently testing the support level of 109.744.

Price Levels
Current Price: 109.775
Next Resistance: 111.328
Next Support: 109.744