FX.co ★ Daily analysis of USD/JPY for June 29, 2016

Overview

The USDJPY pair showed some positive trading yesterday settling near 102.70, as long as the price is below 103.80 levels. So our overall bearish trend expectations will remain valid and active, where a breach of this level represents a positive factor that will make the price test 106.63 levels before any new attempt to decline. The first expected target is represented by a break of 100.70 levels; this will confirm further movement to the next correction level located at 96.76. The expected trading range for today is between the 101.00 support and the 103.80 resistance.