The 110.00 level getting closer again.
The USDJPY has been in a very narrow trading range today of 60 pips. It was only 47 pips until the recent move to new session lows. The prior double bottom for the day at 110.22 was broken ant eh price has scooted to 110.091
Yesterday, the pair moved below 110.00 level and bottomed at 1.0991 before rocketing back higher. A support area has been developing betwen 110.23 and 110.26 since then. The break of that area will now make it resistance for intraday traders. The 110.00 level remains a key level to get and stay below of course.
