USD/JPY -Weekly Chart- Simple Analysis

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Take note of the support found on the yellow Fib line. Using a support line starting back in 2011, we can combine that with our fib line to create our long term USDJPY support level.

Resistance expected around 110.000 -112.000. Mind the resistance line that began in 2015.

Use this to support your fundamental analysis and set your short/long term trades as you see fit.

Keep it simple.

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