USD JPY forecast, July 23

USD / JPY during the day: Under pressure.
Our turning point is at the level of 111,90.

Our preference: to sell below 111,90 with target points of 111,35 and 110,95.

Alternative scenario: a break above the level of 111,90 will open the way to 112.15 and 112.60.

Analysis: RSI is bearish and indicates a continued fall.


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