Nearer 119 than not right now and we face some mild resistance between here and 118.85. Should we break 119.00 the 119.20/25 stands in the way ahead of the stronger level at 119.75/80.
USD/JPY H4 chart 20 01 2015
Support is going to be mild at 118.50, 118.25/30 then stronger at 118.05/10 and possibly stronger still around 117.75.
There’s no real news behind the moves right now and it’s just dollar demand in general. US traders will be coming online slowly from yesterday’s holiday so will be throwing their hat into the ring. Yesterday we saw more of a risk on tone but that’s out the window today.
I’ve finally managed to sort my charts out so they’re all back as they were a few days ago so that’s a relief
