For years now Yen has been weak and USDJPY Rose 11% in the last 5 months meaning the trend is bullish . USDJPY Peaked at 160 area last month then we saw some selling pressure which drove the rate to 152 zone {Last year high}

Price rejection since this month open from 158 means we have some selling pressure, Today after US GDP QoQ2 release USDJPY Dropped 900 points too. I would wait to get a favorable long entry points.

Areas of focus 155, 152, lowest 150. Below that the bias turns bearish mid term.
Chart PatternsCurrenciesTechnical IndicatorsTrend AnalysisUSDJPYusdjpyanalysisusdjpyneutralDJ FXCM Indexyenyenpairs

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