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Market update 8 june 2018

Usdjpy plunged after reaching 109.80¥ already mentioned in my earlier post today. You should have all made a 25 pips profit then. I think we still have a chance for usdjpy to get back above 110 mark.

Resistance levels for USD

The Dollar strengthened sharply since the beginning of May as I have already expected . You can follow me on twitter for frequent updates on my trades and recommendations . I see the dollar stalling for the current levels . We have 1.3480$ level which is a very critical support for the pair and I believe we will see a rebound to 1.37 before any retest of that support level again. Also , Eurusd has major support at the famous 1.1860$ and it is expected we might retest 1.20$ floor soon. Usdjpy is still unable to break above bearish trendline and showing strong bearish divergence . So a decline to 107.80 to 108.30¥ is most probably coming this week.