Based on the latest action on USD/JPY it looks like the pair is ready for a deep retracement - technically as well as fundamentally supports this thoughtFigures coming out are not strong for US anymore, and we see constant failed attempts of staying above the 100 markOn the first daily chart we can see that the RSI holds slightly bearish,and a Fibonacci expansion level of latest moves projects a first 61,8% target of around 95.6On the second daily chart we see a downward channel that will lead u…
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