USD/JPY Weekly Outlook

USD/JPY edged higher last week to 109.35, but turned sideway again quickly. Initial bias remains neutral this week first. We’d still expect consolidation to be brief with 108.33 minor support holds. Break of 109.35 will resume the larger rise from 102.58 long term channel resistance at 110.02 next. However, on the downside, break of 108.33
The post USD/JPY Weekly Outlook appeared first on Action Forex.

USD/JPY edged higher last week to 109.35, but turned sideway again quickly. Initial bias remains neutral this week first. We’d still expect consolidation to be brief with 108.33 minor support holds. Break of 109.35 will resume the larger rise from 102.58 long term channel resistance at 110.02 next. However, on the downside, break of 108.33 […]

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

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