USD/JPY is rebounding after extending its range to the downside by a mere 3 pips before rebounding. It fell to 89.35, triggering a few small stops below London’s lows and now trades at 89.47. Sounds like USD/JPY is doing it’s Cable impersonation.
Should USD/JPY extend its slide, supports come in at 89.23 and 88.84 on the short-term charts. 88.75/80 is solid resistance on rebounds near-term. Stops are perched around 89.85/90 from intraday shorts.
