USD/JPY’s steep pullback last week confirms short term topping at 162.83. Initial bias stays mildly on downside this week for 38.2% retracement of 155.01 to 162.83 at 159.84. Since this level is close to 55 D EMA (now at 160.00), strong support should be seen from there to bring rebound. On the upside, above 161.63 […]
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