Intraday Elliottwave Analysis: USDJPY, turning neutral in the 109-110 range
USDJPY was rejected by 110 level again and formed a potential double top.
However, it needs to be confirmed on close below 108.87.
Price also closed above weekly Ichimoku kijun-Sen for the first time from January.
If today close above 109.62, will regain upside momentum.
Short term turns neutral.
Daily support Levels: 109.21 109.15 108.94 108.87
Daily resistance Levels: 109.48 109.62 109.75 109.85
Intraday Trade Idea:
Sell Latentinterest Order: 110.01
Buy Latentinterest Order: 109.02
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