USD/JPY Outlook (21st May 2019)

• USD/JPY rejected support level
  

Price Movement
Since yesterday, USD/JPY moved down by around 40pips before moving back up by around 35pips.

Trend
Overall, USD/JPY is trending downwards.

Important Issue
None.

Technical
Yesterday, USD/JPY tested and rejected the support level of 109.900.

Price Levels
Current Price: 110.167
Next Resistance: 111.700
Next Support: 109.900