USD/JPY Weekly Outlook
USD/JPY rebound strongly last week on massive Japan intervention. But so far, upside was limited below near term falling trend line resistance and the pair also failed to sustain above the falling 55 days EMA. there is no confirmation of reversal yet. Initial bias is neutral this week. On the downside, below 77.84 minor support will indicate that rebound from 76.28 has completed and should flip bias back to the downside to extend recent decline from 85.51. On the upside, above 890.23 will bring
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