USD/JPY Outlook (28 January 2020)

2020-01-28 12:47:21

Overall, USD/JPY is ranging across. Recently, USD/JPY trended downwards, breaking the support level of 109.600 before going into a 40pips range.
USD/JPY next support level is at 108.000 and the next resistance level is at 109.600.
Look for selling opportunities of USD/JPY if it breaks out of the recent range.