USD/JPY: Murray levels analysis
Daily. The pair has already fixed below CTD1. The recent redrawing of the levels doesn’t bring any special predictive value because of a prolonged flat market. Now look the pair looks attractive for selling with targets at 0/8 (100.00), but it’s still in a stage of uncertainty.
H4. Here is the recoil from 4/8 (101.56) and, most likely, the price will fall further to the nearest even level 2/8(101.17). The pair’s reaction to this level will make in clear whether the price will make the third rebound orgounder it. Watch whether this level is breached or whether the pair closes above it.