USD/JPY may drop towards 114.50 – Kshitij Consultancy

FXStreet (Barcelona) - According to The Kshitij Consultancy Team, the chart patterns suggest that the USD/JPY may drop towards 114.50, near the key support at 114.

Key Quotes

“Dollar-Yen tested its first important support at 115.50 in volatile trading with Yen catching some safe-haven bids. The range for the day is between 115.50 and 117.50. 118 is the resistance for now. The chart pattern target suggests a drop to 114.50, near its second important support of 114.00.“