The USD/JPY opened higher with a common gap caused by thin liquidity and Abe-Trump talks. The pair needs to continue below a bullish order block -113.44
The USD/JPY opened higher with a common gap caused by thin liquidity and Abe-Trump talks. The pair needs to continue below a bullish order block -113.44 in order to close the gap. POC zone is 112.90-113.05 (L3, ATR low, EMA89, 50.0). If we see more retracement to the downside POC 2 is the final confluence zone for a bounce 112.55-65 (Ascending trend line, L4, 78.6). Targets are 113.50 followed by 113.75 and 114.20. The pair is bullish now and will remain bullish as long as 112.00 holds.
USD/JPY Chart
Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets
