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Last week’s drop of 2.8% seen in the USD/JPY has almost reached a key support of 151.70. An overstretched decline with high volatility on top of an oversold condition increases the odds of a mean reversion rebound scenario for USD/JPY. Watch the potential upside trigger of 154.10 on the USD/JPY. The price actions of the […]

The post USD/JPY Technical: Potential Mean Reversion Rebound in Progress Above 200-day MA appeared first on Action Forex.

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