Break of 159.72 support suggests that a short term top was formed at 160.58 in USD/JPY, on bearish divergence condition in 4H MACD. Intraday bias is now mildly on the downside. Deeper pullback should be seen to 38.2% retracement of 155.01 to 160.58 at 158.45. In case of another risk, strong resistance is still expected […]
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