USD/JPY Weekly Outlook

USD/JPY’s rebound from 127.20 resumed last week and reached 135.09. But subsequent retreat indicates that a temporary top was formed. Initial bias is turned neutral this week first. On the upside, break of 135.09 will resume the rise to 38.2% retracement of 151.93 to 127.20 at 136.64. Strong resistance could be seen there to complete […]

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