Japanese Yen 8200 an Important Level
Prepared by Jamie Saettele
As mentioned in recent days, the drop below 8185 puts the bullish bias in question. The USDJPY has rallied off of a 100% extension level but faces resistance from former support in the 8200 region. The pair is best described as range bound until a break of 8090 or 8321. Based on the patterns in the crosses, I have my doubts about the upside.
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