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USDJPY breaks support level | June 6, 2017



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USDJPY has broken its important support level at 110.30. Now, this pair is staying below this support zone with huge bearish pressure. More pips down expected on this pair for a long term. So, if you are on sell position, you can hold this for a long term for targeting 108.30 level. It seems that seller is active here with big volume. So, it is better to stay in sell mode. We shouldn't buy here without any confirmation.

This pair is currently facing support at 109.60 level. If this support is broken, this pair will fall more. At this moment, we can't see any bullish sign. So, it is recommended to not open any buy entry without daily candle confirmation.

Support Level: 109.30, 108.30

Resistance Level: 110.00 110.30

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