FX:USDJPY   U.S. Dollar/Japanese Yen
17 0 1

• Long term trend is up while the short term trend is down.
• Price hit 50% Fibonacci retracement which might lead it higher.
• Price may decline to the 61.8 Fibo retracement before surging.
• The current support is at 117.90 and resistance level at 121.60.
• Price may go either way but bulls are more in favor.
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