USDJPY retested 102.62 as expected & continued lower to our target of 102.44 & bottomed almost exactly here at 102.47. Today we have resistance at 103.02 & we could head lower from here.
Immediate support is 102.81 but below 102.70 keeps the market under pressure for 102.47/44. A break lower cannot be ruled out & could target 102.25/20 for a good short term buying opportunity. A short term low for the correction could be expected at this stage.
Immediate resistance at 103.02 but shorts need stops above 103.10. A push though 103.20 is more positive & targets 103.35/40 for a selling opportunity with stops above 103.50.