| USD/JPY Chart Levels: Support 81.20…80.00…79.50. Resistance 81.50…82.00…84.00 |
| Strategy | Entry | Stop | T1 | T2 |
| Weekly: Long | 80.70 +add 80.50 | 79.90 | 82.00 | 84.00 |
This week we expect the market to continue to consolidate within the daily Bollinger Bands 80.00-82.00. Support at 81.00 was taken out, with the next support level noted at 80.30, however the Fibonacci mark at 80 the figure being more significant. The slope of the 100 and 200 day moving averages is also positioned in favor of the bears
