FX:USDJPY   U.S. Dollar / Japanese Yen
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Still some room to the upside on the monthly chart. Find it hard to believe tho that the Dollar will make it that far without making a pullback first and the weekly chart shows that this pair has climbed way more than a typical wave 3. But who knows - so far 3 negative US Job data reports have been disregarded by the market and the upside pressure remains. I am however watching this pair like a hawk to be able to enjoy the pullback ride south.
I too anticipate a bearish movement at some point around 110, I am monitoring Support and Resistance
+1 Reply
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