Selling Opportunity ahead in the currency if the pair is able to close below 113.222 levels. If the pair is able to close below the mentioned level we can expect a 1$ correction in the pair.

The pair is seeing some selling pressure which is strong and we expect this to follow but at the mentioned level we might see some consolidation once that level has been broken we can expect the selling to resume.

The RSI is following the price with no divergence.

The Dollar Index is looking a bit negative which is leading for other currencies to perform in front of the dollar, Once the Dollar is able to resume the trend all currency pairs can be under some pressure.

USD/JPY

Oct 23 2021