The technical pattern on majors is ambiguous now. The market is waiting for additional drivers. The key event of the week is the summit in Jackson Hole, which will be held from 24 to 26 August. The publication of important economic reports is not planned for today. I plan to open transactions from the key levels. Potential entry points to the market may appear within a few days.
USD/JPY
Support: 108.65, 108.00
Resistance: 109.40, 110.00
I expect a correction on USD/JPY if the price fixes above the 109.40 level. The pair may move to the 110.00 round level.
USD/JPY
Support: 108.65, 108.00
Resistance: 109.40, 110.00
I expect a correction on USD/JPY if the price fixes above the 109.40 level. The pair may move to the 110.00 round level.