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USD/JPY Weekly Outlook

posted by Avatar yosoybeloved 797 days ago in USD, JPY, Weekly made popular 797 days ago

USD/JPY was bounded in choppy sideway trading below 91.08 last week and there is no indication that such consolidation is finished. Initial bias remains neutral this week. Nevertheless, note that rise from 0.8813 is still in favor to continue as long as 89.62 cluster support (50% retracement of 88.13 to 91.08 at 89.60) holds.
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