Currency Analyst since 2010

USD/JPY: Murray levels analysis

D1. The pair reached the 5/8 level (107.81), weakly breaking CTD1 down. Nevertheless, don’t rushwith selling towards CTW1 and the 4/8 level(106.25). It’s possible only incase of the break below 5/8, but in the meantime the main scenario is an increase to 6/8(109.38).

H4. second advance towards the level of 6/8 (107.81), and one candle closing above it mean that there will be at least a rebound to 8/8 (109.38). The horizontal section CTD1 located nearby is also acting as good support.

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