USD/JPY Weekly Outlook

USD/JPY’s sharp decline last week suggests that corrective rebound form 104.00 has completed at 106.10. But as a temporary low was formed at 104.34, initial bias is neutral this week first. Current development argues that larger decline from 111.71 is possibly resuming. Break of 104.34 will target 14.00 low to confirm this bearish case. This
The post USD/JPY Weekly Outlook appeared first on Action Forex.

USD/JPY’s sharp decline last week suggests that corrective rebound form 104.00 has completed at 106.10. But as a temporary low was formed at 104.34, initial bias is neutral this week first. Current development argues that larger decline from 111.71 is possibly resuming. Break of 104.34 will target 14.00 low to confirm this bearish case. This […]

The post USD/JPY Weekly Outlook appeared first on Action Forex.

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