USDJPY one of the most predictable and attractive trading instrument due to its liquidity and volatility shows strength in USD and as it broke its resistance at 112.572 and trying to reach the top weekly resistance at 113.456. The market may expect a reversal from the 113.456 but currently, it is getting back to the support of 112.572 which may reject and get back to touch the top. If the market closes below the support, then it may come back to 111.026 level.
Investors and traders are advised to make sure about their risk appetite and tolerance as the market may take any position against your hard earn capital. There is no guarantee or certainty in any of the analysis.
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