Bearish Move on USDJPY
USD/JPY Intraday Bearish
Pivot point: 106.96
Resistance level 1: 107.27 Resistance level 2: 107.61 Resistance level 3: 107.91
Support level 1: 106.63 Support level 2: 106.32 Support level 3: 105.98
Comment: The pair closed at the second support level region of 106.94. If the bulls strike, then the pair might climb to the resistance of 107.27 and extend further to 107.61. However, if the bears persist the lead then the pair could fall to 106.63 and possible to break the second support level of 106.32.
Pivot point: 106.96
Resistance level 1: 107.27 Resistance level 2: 107.61 Resistance level 3: 107.91
Support level 1: 106.63 Support level 2: 106.32 Support level 3: 105.98
Comment: The pair closed at the second support level region of 106.94. If the bulls strike, then the pair might climb to the resistance of 107.27 and extend further to 107.61. However, if the bears persist the lead then the pair could fall to 106.63 and possible to break the second support level of 106.32.
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