USD/JPY Price Analysis: Bullish commitments tested at daily support
- USD/JPY could be about to step in and be the makings of a bullish extension.
- Bears are testing the foundations of the bulls at key support.

USD/JPY is trading lower on the day between a range of 109.50 and 109.07.
The price has made a test of the daily support structure in today's lows which gives rise to the prospects of a bullish continuation.
The following illustrates the structure and bias from both a daily and 4-hour perspective:
USD/JPY daily chart

4-hour chart
Author

Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.


















