On the 4-hour chart, the USD/ JPY pair is now trying to reach the 106.81 level as its first target. If the bullish momentum is strong enough, there is a possiblility that USD/JPY will continue its downward movement and reach the 106.09 level too as its second target. This scenario is likely to occur as long as this pair does not rise and close above the 107.41 level.
(Disclaimer)
