my opinion on USDJPY
Note
111.5 strong resistance. The movement caused by the news.
Note
Could definitely see a retracement to around 111. 5 level and a stronger push to break the 112.00 level even though I highly think it will happen because of how the US economy is at the moment. Therefore, we could also see the price falling back down to the 111.00 level where we could consider a long position.
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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.