USD/JPY retreated further last week but recovered ahead of 121.17 support. Initial bias remains neutral this week and further rise is still in favor. On the upside, break of 125.09 will target 161.8% projection of 109.11 to 116.34 from 114.40 at 126.09, which is close to 125.85 long term resistance. However, break of 121.17 will […]
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