美元 / 日圓

USDJPY: Heading lower?

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After making new 2016's low at 114.21, USDJPY consolidate higher and formed a pennant, a break below 115 could be a sign for USDJPY continuing the trend. On the other side, a break above 115.60 could be a sign for more consolidation or back above the 116 resistance (previously a support).

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