Usd/Jpy still has to break previous highs I believe
There is a monthly target above 130:
The retracement down to 116 level not too long ago and the subsequent bounce has set the way
for a challenge of previous highs and a fibonacci expansion level points above 130 for the pair
Let us look at the weekly chart for more clues:
Weekly fibonacci expansion shows us a level above 124, if 116 can act as support
If the pair will break below 116 then these levels will change
On the daily chart we see the …
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