The USD / JPY currency pair did what was expected in the 100 MA. The price has dropped below 107.90 and now prolongs what should be a support zone. This is zone 107.79 - the bottom of Friday and then again from Monday. Earlier today, the price rises back above the levels and is briefly traded there only to return for a retest.
These key levels are currently being tested. Will they endure? Will they be drilled? This will be the new barometer for the market today. If there is a break, we will see a resumption of downward movement. If it lasts, 107.90 and 100 times will be key levels that need to be overcome to move higher.
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