The Yen falls to the lowest against the greenback in 6 years as 109 is breached, last seen in 2008
109.28 remains the technical resistance as the pair remains bullish along the steep trendline of higher lows
USD/JPY resisted before market closed on the last trading day and remains to be seen if 108.6 – 108.4 remain as supports
Yen slumps to 6 year low against the U.S dollar as the pair attained 109.4 last Friday.Recent Stochastics indicator swing towards an overbought status but the pair is currently heavily reliant on fundamental factors. Supported at 108.66 the pair is likely to extend gains towards 110.
Trend Direction | S3 | S2 | S1 | R1 | R2 | R3 | Entry | Stop Loss | Exit |
| Bullish | 107.66 | 108.4 | 108.6 | 109 | 109.5 | 110 | 107.4 | 106.7 | 110 |