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USD/JPY Free-Fall Action Continues; GBP/USD Inclines

The free-fall action continues on USD/JPY after breaching 110.70 as we discussed many times earlier.

pic8c25cf9ae9be179a2a319442256277b8.png


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USD/JPY

The free-fall action continues on USD/JPY after breaching 110.70 as we discussed many times earlier.

USD/JPY Daily ChartUSD/JPY Daily Chart

Although RSI is moving deeper inside oversold territories, but there is no signs of reversal yet, as ADX reflects the strength of the bearish trend.

We hold onto our bearish anticipations; noting that, a break below 108.50 will accelerate the wave.

Support: 108.50-107.80-107.50

Resistance: 109.30-109.65-110.00

Direction: Bearish
 
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USD / JPY
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GBP / USD
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EUR / JPY
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