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Technical Forecast for USD/JPY

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USDJPY holding below trend line resistance at 93.68 throughout Monday. We are starting to look over bought in the short term so we could see some profit taking for a test of 93.28/18 support. 
 
Below here 92.82 and then 92.36/27 could be seen. A break below 91.80 could then lead to a test of 90.88 February lows. 
 
A push through 93.70 targets 93.93/94.14. If this does not hold us back look for a move towards the Feb highs at 94.77.

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Posted-In: News Forex Global Economics Markets

 

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