USDJPY: With USDJPY selling off through its rising trendline on Thursday and following through lower, further corrective weakness is likely. Support comes in at the 95.54 level where a violation will aim at the 95.00 level. Further down, support stands at the 94.00 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, the pair will have to return above its broken trendline to create scope for more upside towards the 100.54 level. Further out, resistance resides at the 102.00 level where a violation will call for a run at the 103.73 level. On the whole, USDJPY is vulnerable on correction.
