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USDJPY Pulls back from Support zone | June 5, 2017



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Usdjpy has come to support level for one more time. Now we can see rejection also from the support. We still need strong bullish confirmation for the bounce back from support level. On h4 chart, it is forming a bullish candle. If this pair can remain this bullish momentum, then we can expect bullish movement again.

This pair is on range mode between 110.30-111.70. So for long term trading, we need to wait for a breakout of this zone. Upside breakout can move this pair towards 113.00 level. Downside Breakout can bring 108.35 level.



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