USDJPY is on track to pull back to the 140.00 support zone. Last year, we received support twice in that zone and successfully returned to the bullish side. At the beginning of this year, the pair failed to break above the 160.00 level and retest the previous low. This triggered a bearish consolidation that is still current.
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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.