USD/JPY Weekly Outlook

USD/JPY attempted for a recovery last week but upside was limited well below 105.67 resistance. Initial bias stays neutral this week. Also, it’s staying well inside falling channel, and below 55 day EMA, keeping near term outlook bearish. On the downside, break of 103.65 will target 103.17 low for resuming larger down trend from 111.71.
The post USD/JPY Weekly Outlook appeared first on Action Forex.

USD/JPY attempted for a recovery last week but upside was limited well below 105.67 resistance. Initial bias stays neutral this week. Also, it’s staying well inside falling channel, and below 55 day EMA, keeping near term outlook bearish. On the downside, break of 103.65 will target 103.17 low for resuming larger down trend from 111.71. […]

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

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