USD/JPY Struggling to Find Direction

Dear traders,

USD/JPY is at support. We could see the move up if it bounces

If the price can’t break below the right shoulder we could see a bounce. The 113.00 zone is protected by buyers. At this point the USD/JPY is still bouncing. Below 113.00 watch for 111.65. However a bounce will target 114.24 and eventually 114.94. Today is Friday so watch for profit taking in the afternoon.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez