USD/JPY broke support area

USD/JPY broke support area

  • USD/JPY broke support area
  • Next sell target - 110.50

USD/JPY continues to fall inside the accelerated minor impulse wave 3 – which previously broke through the support area lying at the intersection of the support level 111.70 (which reversed the previous corrections (b) and (ii), as can be seen below) and the 38.2% Fibonacci correction of the previous sharp C-wave from the start of September). USD/JPY is expected to fall toward the next sell target at the next support level 110.50 (former resistance level from August and September).

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