FeroxWealth

USDJPY Institutional Levels to Watch Today

FX:USDJPY   US-Dollar / Japanischer Yen
Good morning traders! USDJPY             has been drifting higher throughout the Asia session, however I'm not sure we will see new highs. We still have to get through 118.66 in order to see any continued upside. It is very possible that this is just a second attempt at the highs before this pair rolls over and continues it's corrective pullback. If this pair fails to break above and sustain above 118.66 expect continued consolidation/downside.
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