USDJPY - Intraday - We look to Sell a break
Daily pivot is at 104.00.
Trend line support is located at 103.75.
We are trading at oversold extremes.
We can see no technical reason for a change of trend.
We look for losses to be extended today.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. The lack of interest is a concern for bulls.
Our profit targets will be 103.18 and 102.71
Resistance: 103.80 / 104.00 / 104.50
Support: 103.50 / 103.20 / 103.00
Daily pivot is at 104.00.
Trend line support is located at 103.75.
We are trading at oversold extremes.
We can see no technical reason for a change of trend.
We look for losses to be extended today.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. The lack of interest is a concern for bulls.
Our profit targets will be 103.18 and 102.71
Resistance: 103.80 / 104.00 / 104.50
Support: 103.50 / 103.20 / 103.00
Comment:
Trade canceled.
