USD/JPY Price Analysis: Bulls and bears greet at key resistance

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USD/JPY Price Analysis: Bulls and bears greet at key resistance USDJPY Technical Analysis

Bears are a correction although note the bullish trend remains solid.

The daily chart's 38.2% Fibonacci retracement and the 50% mean reversion levels align with the 15-minute structure near 142.50 and 142.20 as potential downside targets, albeit, still on the front side of the bullish trend:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

 

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