USD/JPY: rapid drop of a price back to 107.81
Repeated intersection of STD1 with STH4 took place, but it is not a signal to a further declines. A confident break below 5/8 (107.81) will confirm the desire of bears to test the ultimate goal at 4/8 (106.25). Despite the colours of both ST, growth to the area of 6/8 (109.38) seems preferable, given the frequent bounces from 5/8. But firstly the pair will finally test higher levels.
Buy – 107.80; sl – 107.30; tp – 109.30.