USDJPY is making a pullback to our major support-turned-resistance level at 110.96 (major 50% , horizontal overlap support stretching back to mid August 2017). This could be potentially a good level to trigger a strong sell off which could drive price down towards 109.88 support (100% , , swing low support).
(34) remains in a showing that there is still momentum in this move.
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This analysis is provided as general market commentary and does not constitute investment advice.