Daily analysis of USD/JPY for April 19, 2018

USD/JPY

This pair is now in a stable mode. The situation has not changed, but when it does, a directional movement may start, which would propel price above the supply level at 108.00. When this does happen, it would most probably favor bulls, but it would need to breach the supply level at 107.50 first.

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Most likely, price would be able to go above the supply level at 108.00; even reaching other supply levels at 108.50 and 109.00. There are no much fundamental figures coming out today, but a rise in momentum can happen anytime.

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