USD/JPY Analysis - page 56

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it will correct soon
 

USD/JPY is trading flat around 107.30 today ahead of NFP. The pair is facing now resustance at 107.67 while the downside is supported by 106.90.

 
The NFP data will come out in less than an hour, until then I doubt we'll see any major movements.
 
USD advanced to the JPY and is now above the 50SMA.
 

USD/JPY retreated from the highs and closed the week around 106.90. The pair was set under huge pressure after the disappointing NFP data and the current weakness might drag it towards 106.00 area.

 
I too think it may fall down to 106.00 but it may depreciate even lower.
 
mtllc:

USD/JPY retreated from the highs and closed the week around 106.90. The pair was set under huge pressure after the disappointing NFP data and the current weakness might drag it towards 106.00 area.

Be sure USD/JPY  will be at  106, and maybe even lower.
 
Is any real trader in there?
 
It rebounded from 106.60, I think next target will be around 107.40.
 

USD/JPY moved higher today but yet remains capped by last week’s high. Bulls would hardly march towards 107.50 given the neutral indicators on the four hour time frame.

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