Trading-Ring

USDJPY Strong resistance with a weak dollar

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Here we can see strong daily resistance running along the 108.820 mark. With previous sort found on the 3rd of April and then a recent triple top involving recent price action. We have further confirmation of this resistance with our Fibonacci range showing our 50% mark also printed at this 108.820 level. Looking onto DXY we also see interaction and rejection at a major zone showing the likelihood of a weak dollar inbound.
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