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Ater failing to break 119 Usd/Jpy seems to have put in a top for now
The price remains below 118, and a retracement from the highs seems to be happening
On the weekly chart we can see the red candles forming and the price starting to move down,
the top is just below 119, and the last big move up on the weekly chart
provides us with a natural retracement towards the 38.2% fibonacci retracement level eventually;
this level lies around 113
We see that the weekly RSI_14 is also extremely high - abov…
The price remains below 118, and a retracement from the highs seems to be happening
On the weekly chart we can see the red candles forming and the price starting to move down,
the top is just below 119, and the last big move up on the weekly chart
provides us with a natural retracement towards the 38.2% fibonacci retracement level eventually;
this level lies around 113
We see that the weekly RSI_14 is also extremely high - abov…