A breakout in USD/JPY is now approaching a 100 pip zone of technical significance at 136.66-137.66- a region defined by the 38.2% retracement of the October decline and the yearly high-day close. - Looking for a reaction there If reached.
Remains constructive while within this formation. A topside breach exposes 139.58
Michael Boutros, Sr Technical Strategist with FOREX.com
MBForex
Remains constructive while within this formation. A topside breach exposes 139.58
Michael Boutros, Sr Technical Strategist with FOREX.com
MBForex
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.