USDJPY retested good support at 103.90/80 which held the downside again as predicted. We then headed back up to 104.30/35 as expected & today could reach as far as 104.60/65. There is a risk of a high for the day here again. However any shorts need stops above 104.75 for a move towards 105.05/15 today.
Immediate support is 104.10/05 then 103.80/75 which should hold the downside again today. However if we continue lower look for a buying opportunity at 103.45/35 with stops below 103.10. We then meet an excellent buying opportunity at 102.85/80 this week with stops needed below 103.55.