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Resistancetrade

USDJPY on Minor Rebound PotentialUSDJPY fluctuated above the 109.57 support level. The movement showed a potential short-term upside as long as the 109.57 support hold. Nearest target should be around resistance at 110.35, with the risk to the downside is the support around 109.20. No major economic data or event from U.S is expected to create volatility to USDJPY. But pay attention to BoE meeting tonight, cause they could effect investor sentiment (if the statement implicitly shows worries on economies conditions or Brext) that could turn into higher JPY (lower USDJPY).
Long
by nikolas.prasetia