USDJPY update

Technical view: Expecting a bounce before resume extending lower

At this stage it is unknown if the lows are in for the bounce towards the 110.60’s. In the case not, then lower limit of the demanding zone comes at 107.50’s from where the bounce could start unfolding. Ideally Short attempts around 110.60’s and long attempts for the bounce at current zone, 109.00’s with invalidation new lows and lower around the 107.70’s zone.