USD/JPY Classical 02.25
USD/JPY: Currently in the process of chopping around, with the market most recently rolling over after stalling out above 92.00 in the previous week. Nevertheless, our core outlook in the pair is bullish, and we recommend looking to buy on dips back towards the recent range lows in the 89.00 area. Ultimately, only a close back under 88.55 would negate and give reason for pause.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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