USD/JPY has continued a sell-off from resistance that hit two weeks ago but more recently, there’s been an element of stall. The two-week sell-off spanned almost 600 pips and pullbacks have been rather mild since.
The 145 level that I looked at in the video last week has held as resistance after previously showing as support, but a recent lower-high suggests the bounce may have a bit more room to run. In this video, I look at a couple of levels of interest for that scenario.
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