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Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 113.825 with take profit at 113.951 .
Bearish Preference:
Sell position is envisaged if price trades below 113.660 with take profit at 113.545 .
Fundamentals:
No major fundamental
Comment: The US Dollar snapped back last week, with the DXY Index closing up by +0.49%, nearly eradicating its losses month-to-date (although remains -0.04% lower in January). USD/JPY rates slipping by -0.43%.
Analysis: SCRUM Team
