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Trader, analyst and instructor with a 6-year experience

USD/JPY below 99.00

USD/JPY dropped to 98.80 after having consolidated in the 99.40/00 area earlier in the day. We see that the pair had been testing the lower border of the H4 Ichimoku since the beginning of the week, but today fell sharply below the cloud, giving a bearish signal. 

Support: 99.00, 99.50, 100.00, 100.60

Resistance: 98.50, 98.20, 98.00, 97.60

Chart. H4 USD/JPY

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