kr_sonu12

usdjpy trend for this week

OANDA:USDJPY   U.S. Dollar / Japanese Yen
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Yesterday's bullish candle has properly broken the trend line and in near future 114-115 mark can be seen.
A good buy cant be originated at the present scenario as at this price range two time settlement has happened, a group of weak and strong resistance placed one after another.

In case if price range breaks 23.6% fibo(113.71) we can look at higher price range 114-115

alternate scenario if price falls below of weekly pivot the point may fall towards 111, 110 towards 106 which is 38.2%

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