USD/JPY Daily Outlook
USD/JPY’s steep decline and strong break of 161.51 support confirms short term topping at 162.83, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 38.2% retracement of 155.01 to 162.83 at 159.84. Since this level is close to 55 D EMA (now at 159.95), strong support should be seen […]
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