Open trading account 
On Friday, it looked like a double bottom is in the making on USD/JPY. The pair concluded three day rally from lows with a daily and weekly close at the high.
On Monday, however, there wasn't any follow through. Instead, the pair fell right from the open and ended the day ten pips above Friday's low. That low was already busted today in early Asian trade. Downside again comes into focus with 112 and the 2013 - 2014 support line the first stronger levels to keep an eye on.
On Monday, however, there wasn't any follow through. Instead, the pair fell right from the open and ended the day ten pips above Friday's low. That low was already busted today in early Asian trade. Downside again comes into focus with 112 and the 2013 - 2014 support line the first stronger levels to keep an eye on.