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USDJPY making a pullback to strong resistance

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ICmarkets Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy usdjpyshort usdjpylong usdjpyidea Forex forextrading daytrade
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trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpyshort usdjpylong usdjpyidea forex forextrading daytrade
USDJPY is making a strong pullback to resistance at 107.70 which is our 23.6% Fibonacci retracement and horizontal pullback resistance level. Breaking this level might signal a stronger recovery.

What is interesting is how RSI continuously reacts well to our descending resistance line and it's approaching the descending resistance line again, corresponding with what could occur at our 107.70 resistance too.
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