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USD/JPY Bears are Still in Control

By:

Nenad Kerkez

Published: Oct 5, 2021, 10:12 GMT+00:00

The USD/JPY has reached the confluence zone and we might see a drop.

The 111.20 zone has been hit and the price is hesitant to move further up. At this point we could see the move down which might become more potent during the US session. Yesterday, equities were bearish and that also reflected in the USD/JPY move. Yen up, equities down. Targets are 110.73 and 110.60. This is an intraday setup.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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