USDJPY may start strengthening on the back of a rising dollar after the end of a small correction. All last week the market received strong news for the dollar. At the moment there is a bullish mood in the market
Prerequisites for further growth:
1) The dollar is strengthening fundamentally
2) Yen is technically weaker and continues to fall
3) Retest of support before further rise
4) Breakdown of downtrend and downward resistance
5) Correction phase may end at 147.8
Prerequisites for further growth:
1) The dollar is strengthening fundamentally
2) Yen is technically weaker and continues to fall
3) Retest of support before further rise
4) Breakdown of downtrend and downward resistance
5) Correction phase may end at 147.8
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