USD/JPY Price Analysis: Bulls and bears in battle between key territories – by fx_ross USDJPY Technical Analysis
Bulls eye a move towards 137.50 and then a break of 138.00., USD/JPY sank into the proposed area of support as the following will illustrate:was trading on the back side of the daily trend lines which exposed 135.80 on the downside and below.It was stated that there would be liquidity in here that could lead to a move back into the horizontal resistance. However, it was stated, that so long as the 139 area held, the emphasis would remain on the downside. A break of 135.
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