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USD/JPY dips to three week low on Monday and hit Fibo 76.4% retracement of 141.68/149.40 corrective upleg, adding to signals that correction of larger downtrend is close to its end. Strong drop last week (2.1%) completed a bearish engulfing pattern and registered weekly close below 100WMA (144.59), generating fresh bearish signal and setting scope for […]

The post USD/JPY Outlook: Mal Fall Further After Completion of Corrective Phase appeared first on Action Forex.

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02/04/2024

EURJPY Pulls Back Towards Crucial Trendline

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