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USDJPY breaks 114.00 to 113.98

Quick as a flash we drop through the 114.20/25 area and even knock out the 114 big figure

We've bounced back to 114.20 but watch if it resists as we'll head back down. I see 113.75 as next support but it's not overly strong. The 50 fib of the Feb 2014 jump is at 113.30

There was a barrier noted at 114.00 and stops as well but they look to be intact. There's further strong bids at 113.50, with stops in place on a break, and another barrier

USDJPY daily

There was a barrier noted at 114.00 and stops as well but they look to be intact. There's further strong bids at 113.50, with stops in place on a break, and another barrier

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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