USD/JPY’s strong rebound and break of 38.2% retracement of 161.94 to 139.57 at 148.11 argued that fall from 161.94 has completed already. Rise from 139.57 is now seen as the second leg of the corrective pattern from 161.94. Initial bias stays on the upside this week and further rally should be seen to 61.8% retracement […]
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