Usd/Jpy has a top in place from which it is now retracing
In this analysis I will attempt to find the retracement target, and see what future moves could be
On the weekly chart a wedge pattern can be drawn with the last top of this pair in place,
the lower border should form a support area if the pair intends a future move up
If we combine the lower border with the Fibonacci retracement of the last move up
we see that the 50% Fibonacci retracement could form this area of resistance together with…
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