looking for slight push higher with the bulls before running with the bears. Target 0.84500
Slight push back to level highlighted 112000 (retrace) before pushing back down to 111200.
USDJPY to go further and maybe hit 109.00 level before coming down, if howeve usd gains further strength it is likely to go to 110.00 at support before dropping. price action around these levels should be looked at closely.
0.6850 level support broken and has now retested. Daily trend line hit. could see a bullish move of roughly 50-100 pips before it consolidates and retraces or continues on with the trend.
Triangle formation formed, price action showing bearish momentum.
50 pip take profit level and stop at 30 pips .