USD/JPY SWING OPPORTUNITY

The USD/JPY spot rate reflects the amount of Japanese yen that a single US dollar can buy.

It is one of the world's most important currency pairs, with USD/JPY accounting for 17% of total daily volume on forex trading markets, according to a previous survey by the Bank for International Settlements.

The disparity in ink is perhaps the most important factor affecting the pair.

The fundamental condition of other economies is influenced by foreign exchange rates. In general, they represent a country's economic strength or weakness. Certain factors have a significant impact on currency exchange rates. Economic factors, political dynamics, and consumer psychology are the three main types of these factors. Global considerations include the government's economic policy.

RESISTANCE LEVELS: 109.909, 109.148

SUPPORT LEVELS: 103.540, 105.392

USD/JPY is currently at one of the resistance levels heading towards 109.909 where it should form a reversal pattern to the downside if it wont be breaking through the resistance level,although a spike to the upside before the reversal is expected.

Therefore look for selling opportunities!!!!

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