The USD / JPY currency pair, approaching the range level of 108.00 faced with resistance, where the "bears" returned to the market successfully, forming a correction. Now, we see downward candles are still holding a "bearish" interest. It is possible to assume that the downward mood will continue, where the quotation will try to approach the periodic level of 106.70. In the event of stagnation, another return of the "bull" to the market is possible.
If the "bearish" interest is maintained after reaching the level of 106.70 and the bulls will not show themselves, it is possible to consider a deeper movement to the levels of 106.00 / 105.50.
Key Levels
Resistance - 108.00; 109.40 *
Support - 106.70 *; 105.50; 104.30 *
* periodic level
Draw your attention: Predictions are not a direct guide to action!
