Market managed to obtain daily close below 107.00 which may hold short-run trading zone between 104.60 – 107.45 for the coming few days.
As long as market holding below 107.25-45 another drop movement will be expected to test 104.55 zone before market sustain this trading ahead of BOJ Monetary Policy Statement next Friday.
While will expect aftre that the uptrend to continue toward 110.00 zone.
Downtrend risk will rise below 103.20 where maret may add more drop toward 100.00-70 zone, Orbex experts said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
