USDJPY remains in the downtrend from 114.49, the bounce from 109.83 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at 109.00 … Continue reading "USDJPY Daily Analysis – August 7, 2017"
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