USD/JPY’s up trend resumed last week and rose to 136.70, but retreated since then. Initial bias remains neutral this week for consolidations. Downside of retreat should be contained above 131.48 support to bring rebound. On the upside, break of 61.8% projection of 114.40 to 131.34 from 126.35 at 136.81 will target 100% projection at 143.29. […]
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