jamstock

USDJPY Weekly Outlook

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has been in an uptrend in recent weeks and has reached a minor weekly resistance structure level.

It looks likely that the level will hold and so we are potentially looking to go short on a retracement of the bearish candle printed last friday.

Our preferred strategy is to wait and look to go long at the 108.63 level.

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