USDJPY: Turns Lower Ahead Of The 105.43 Level


USDJPY: With USDJPY turning ahead of its key resistance at the 105.43 level to close lower on Wednesday, it faces further decline. Resistance resides at the 105.43 level where a break will target the 106.00 level.

Further out, resistance comes in at the 106.50 level where a violation will aim at the 107.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 104.50 level where a break if seen will aim at the 104.00 level.

A break if it occurs will aim at the 103.50 followed by the 103.00 and then the 102.50 level. On the whole, USDJPY remains exposed to the upside long term.


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