U.S. Dollar / Japanese YenUpdated USDJPY - RETRACEMENT OVERDUE???
Pair has reached top of the ascending channel at 161.2. With strong economic data coming out of the US this week (FOMC+NFP) could it breakout of channel/confluence or retrace?
Strong levels to watch out for : 162.50 & 158.30
Sentiment data still shows 79% of retail traders and net SHORT on pair.
Strong levels to watch out for : 162.50 & 158.30
Sentiment data still shows 79% of retail traders and net SHORT on pair.
Note
WEEKLY CHARTNote
158.30 level hit.
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