idle_crane
Short

USDJPY retest 200 Week Moving Average

FX:USDJPY   U.S. Dollar/Japanese Yen
47 0 1
So the Yen is stronger per previous analysis. I think this a very large head and shoulder pattern, and it wants to complete itself. The price action is bouncing off, and then retesting the 200 week moving average, a break below this level on the daily can see price moving towards 103.00 or so in the coming weeks. That's the pivot support zone .

Fundamental analysis is not really possible at this point.
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