Considering bearish divergence condition in in daily MACD, USD/JPY is probably already in correction to whole up trend from 102.58. Initial bias remains mildly on the downside this week. Break of 113.47 will target 112.52 support first, and then 38.2% retracement of 102.58 to 116.34 at 111.08. For now, risk will stay on the downside […]
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