Instrument: USDJPY
Bullish Preference:
A buy position is envisaged if the price trades above 144.467 with take profit at 144.612.
Bearish Preference:
A sell position is envisaged if the price trades below 144.261 with take profit at 144.091.
Fundamentals:
No Major Fundamental.
Comment:
The USD/JPY pair comes under some selling pressure on Tuesday and reverses a major part of the previous day’s positive move back closer to the 145.00 psychological mark. Spot prices remain depressed through the first half of the European session and currently trade just below mid-144.00s, down 0.15% for the day.
Analysis: SCRUM Team