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DVNNY

Will USDJPY Fall?

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
DVNNY Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Supply and Demand
3
0
supportandresistance supplyanddemand
Having hit a strong daily resistance once again, USDJPY has started rejecting 109.578. Development of any bearish momentum will solidify the bearish bias and further validate the Daily resistance level.
Observing how price reacts in and around this area.
Comment:
Resistance level broken. Bearish bias invalid
Comment:
snapshot

Should a rejection occur around 110.173 the price may decline as earlier anticipated. At the moment we are still in bearish territory.
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