YathYC

Neutral Aspect on USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
A brief retest at the 108.5 support level could be seen over the coming days or a test against the local resistance level at 110 could be seen as well. So far, the pair has been consolidating after the recent up trend to 110.08. We will see over the coming days, what the pair will tell us. A retest to the 108.5 support level seems to be inevitable but we will wait and see.
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