The pair HAS reached the support at 76.5 and started correcting from this point. Two signals suggest that the Yen might keep strengthening. First, the 20 EMA crossed below the 50 EMA, and second, Friday’s candlestick ended-up red with a tail upwards. If the price slides under Friday’s low, the pair will try to break-down the support at 76.5 again, and if it succeeds, it might fall to 75.5.
However,the USD is in a bullish momentum so it might try to climb to 78.0. In order to do that, it will have to break-through Friday’s high at 77.3
