USDJPY 2017-12-22 Intra-day analysis

Catalonia vote dents sentiment in the euro

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USDJPY intra-day analysis

USDJPY (113.31): The USDJPY stalled its two day winning streak with price action forming a doji pattern near the previous highs. This potentially suggests a decline in the near term on a bearish close. Support is formed at 113.00 – 112.90 level which could be tested in the near term. A breakdown below this level will indicate further declines with support at 112.00 coming into focus. USDJPY could however be seen posting further gains on a rebound off the 113.00 support.


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