USD/JPY Weekly Outlook

USD/JPY rose further to 146.55 last week but formed a temporary top there and retreated. Initial bias remains neutral this week for consolidations. On the upside, sustained break of 61.8% projection of 129.62 to 145.06 from 137.22 at 146.76 will pave the way to retest 151.93 high. However, considering bearish divergence condition in 4H MACD, […]

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