USDJPY Testing Final Key Support

Price fallen sharply last week as global equity saw corrections across the board. Where recently the pair has had a high correlation with the stock market.

USDJPY Testing Final Key Support by EmpowerTrader on

Trade Step-ups:

Scenario One ( Bullish Reversal): Price rejects a bearish breakout. Look for a move to the topside of the trend channel.

Scenario Two ( Bearish Breakout): Price breaks bullish channel trend, look for consolidation below 111.500.