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USD/JPY Daily Technical Reports

Spot Price: 121.84
Technical Analysis:
Uptrend came close to this year"s 122.20 highs to begin the week, but the failure to clear that hurdled triggered a morning dip to 121.55. Hourlies are rebounded fm oversold, but there"s a potential overbought double-top on the dailies. Next support is the uptrend line from 117.60 and 61.8% Fibo at 121.35. 121.90 is nearby resistance.The market strategy is sell at 122.20.














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