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USDJPY Facing Down Pressure | June 7, 2017



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Usdjpy is near to another support level after big fall yesterday. Now, this pair is trying to break the support level. If it can be able to break this level, then we can get big fall on this pair again. Support zone 109.20.

109.20 level is next support level for Usdjpy. We need to monitor on this pair for a successful breakout. If this pair takes little retrace, then we can sell again. This pair is now full of bearish pressure. So we must stay in sell mode. There is no buy sign yet on this pair. So it is recommended to look for sell entry on this pair.

Support level: 108.80, 108.20

Resistance Level: 109.80, 110.30

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