USDJPY Selloff Losing Steam?

A break below support level (107.50) to continue the sell-off is still good probability. But Partial exit for anyone holding a short is reasonable.

I am personally seeing some hesitation from the bears as this pair struggles to make new lows. It's currently at support level and re-testing SEPT 26 major low. The trend should still be our friend here but a rally and more sideways is always within good possibilities.

Looking to see how the market deals with 107.50.

Yorum:

Market ignored the level. Bears should continue to rock on!