Hokusai_FX

USDJPY Analysis 16July2023

FX:USDJPY   U.S. Dollar / Japanese Yen
for two weeks experienced a deep bearish as far as 700pips, this pair is positively included in the bearish trend. at the end of the week there was a correction which if we pull the fibo retracement until the end of the week still reaches the level of 0.786, I estimate this correction can reach the level of 0.382.

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