showed the retracement back to its resistance point around 112.35, market made a U turn for this pair. As we see it's continuing its downtrend with breaths as we know retracements. Here we got 2 options to watch. 1st one it might retrace till its fibbo level up there where resistance stays 112.85 area. And after its HH it will turn back to 112 band because of Yens weakness. If US news comes positive our aim for this chart is first to break 111.60 support level
and after it, might see 111.25 band, fibbo %-27 level.Try to stay away from Buy positions on USDJPY
because this pair still got potential to go downtrend.