USDJPY: Waiting for Pullback to Get Long
USDJPY is re-testing the March 2 high at 81.86 having bounced from the 23.6% Fibonacci retracement at 80.48. Negative RSI divergence is staring to warn of a possible reversal downward. We will look for this move to yield a more attractive opportunity and remain on the sidelines for now.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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