Neutral Trend
We need to see a close above (86.360) or below (84.910).. USDJPY is struggling in a battle between both market forces (bulls and bears) the instrument has a trading range to break. Any four hours close above (86.360) will open the way for a little push upward to test the resistance level at (86.630), and a four hours close below (84.910) will let the instrument test the next support level at (84.543).
Important Price Levels | |||||
Resistance | 85.650 | 85.960 | 86.330 | 86.630 | 86.970 |
Support | 85.000 | 84.543 | 83.897 | 83.503 | 83.110 |
Market Analysis by 4xEagleEye.com