USD/JPY might retest 119.68 and 119.30 lows – FXMarketAlerts

FXStreet (Barcelona) - With the heavy tone in USD/JPY from last week persisting even today, the FXMarketAlerts Team notes that a retest of 119.68 and 119.30 lows is possible.

Key Quotes

“Return to pressure the 120.00 level though break see the downside limited to 119.82 low so far.”

“Heavy tone from last week see scope for retest of the 119.68 and 119.30 lows and where break will trigger stronger correction.”

“Resistance now at 120.66 then the 120.03/20 area.”

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