USDJPY: Still on the path to 102.6 and above
The pair is in a little correction but nothing to worry yet.
101.3 is a very critical support.
A rebound from 101.5 may be expected. Bellow 101.5, the vital level is 101.3 bellow which it may be a reversal.
A re bounce at 101.3 would form a double bottom with 102.2 as a neckline and 102.5-103.2 as a target.
So we do watch carefully the pair and stay alert.
101.3 is a very critical support.
A rebound from 101.5 may be expected. Bellow 101.5, the vital level is 101.3 bellow which it may be a reversal.
A re bounce at 101.3 would form a double bottom with 102.2 as a neckline and 102.5-103.2 as a target.
So we do watch carefully the pair and stay alert.
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