15.10 - USD/JPY eases from intraday high of 105.29
- by George Solotarov
USD/JPY drops to 105.20 during the early Thursday’s pullback from an intraday high near 105.30. Even so, the pair prints 0.05% gains on a day while also keeping its U-turn from the short-term support line, portrayed the previous day.
The monthly low near 104.95 and a horizontal line including multiple levels since September 16 at 104.90 are extra filters to the USD/JPY south-run. If at all the bears manage to conquer 104.90, the 104.40 and the previous month’s low near 104.00 will return to the charts. On the upside, a descending trend line from October 09, at 105.42, will precede the 200-bar SMA level of 105.60 to restrict the pair’s short-term advances.