LeoPrime Daily Market Analysis

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USDJPY reversed from support area; Likely to rise to resistance level 110.000

USDJPY currency pair recently reversed up from the support area lying between the key support level 109.100 (which has been reversing the pair from the start of June), lower daily Bollinger Band and the 50% Fibonacci correction of the sharp upward impulse wave 1 from the end of April. The upward reversal from this support area stopped the previous correction 2. With the clear daily uptrend – USDJPY currency pair can be expected to rise further toward the next resistance level 110.000. Strong support remains at the support level 109,10

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