gsmalhi

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USDJPY: USD/JPY outlook
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USDJPY, W Short
USD/JPY outlook

USD/JPY is definitely in an upward trend and it is holding well above 101.30 levels. This level has been tested many times in the past (Blue arrows) which makes this level a major support/resistance level. Looking at the wedge pattern, USD/JPY should technically retrace at the Red line above. The RSI is also signaling a overbought condition. I have started ...

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