ap8forexchange

USDJPY Forex Weekly - 10 - 14 Aug 2020

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Price to retest again key level resistance at 106. upper line and might pierce towards 1.618/2% fibo resistance and falls back towards downtrend channel as we see US Dollar likely to remain weak until the US economy resumes stronger recovery.

Key level support is around 105. lower line if price to move below and running towards downtrend channel.

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