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    USDJPY decline pauses - awaits directional cue

    USDJPY stops at a confluence of support but the momentum and trend suggest further downside, with Nikkei 225 also backing up this outlook. That said, the EU referendum outcome could just as easily carve out a bottom on this cross. 

     



    Resistance 3:   105.50 Historical S/R, 200 eMA (H1)
    Resistance 2:   104.82 Weekly pivot, 20,06 high
    Resistance 1:   104.59 Daily R1
    USDJPY   104.44  
    Support 1:   104.17 Daily pivot
    Support 2:   103.33 Lower channel, Monthly S2
    Support 3:   102.78 Weekly S3

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