USDJPY Analysis: Reaching Strong Support Level

2020-03-06 18:10:16

There is no doubt that USDJPY has reached a very historical support level specially at 105.00 (you can check the trend during last years).
However, as JPY is very sensitive curriecy during world wide crisises, so i wonder if it will be broken this time.
Personally, I think the pair will bounce up again, but i need to see sufficient confirmations for this.

Imporatant Note: Keep in mind if the WHO considered COVID19 as epidemic the pair will fall down with no warning (Hope Not)

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Disclaimer
Doing your own analysis is always highly recommended