USDJPY: Retracement from Critical Level
The USDJPY seems overbought after yesterday's bullish rally.
The pair could retrace from the marked blue daily resistance level, with a potential target around 156.48.
Moreover, a double top pattern on the hourly chart provides additional confirmation.
The pair could retrace from the marked blue daily resistance level, with a potential target around 156.48.
Moreover, a double top pattern on the hourly chart provides additional confirmation.
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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.