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Currency Analyst since 2010

USD/JPY: Murray levels analysis

D1. The pair had broken CTD1 and even fixed below it. However, neither CTD1, nor even CTW1 changed color to bearish, hence the return at least to​​CTD1 is the most likely. Alternative scenario is a decline to the level of 4/8 (106.25), followed by a rebound.

H4. After crossing CTD1 and CTH4 the pair hasn’t been able to return above CTH4 and, apparently, the pair will shortly test the major support at 4/8(106.25). A break above CTH4 will be enough for the pair could rise to the area of CTD1.

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