USD/JPY Key Reversal Follow Through; Could Reverse Yet Again
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-The last USD/JPY update noted that “a period of congestion at lower levels may be in store given the importance of the price level and channel resistance.” USD/JPY has pulled back but today’s low (7/26) is in the vicinity of daily lows before and after Brexit so upside resumption is a distinct possibility.
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