USD/JPY Mid-Day Outlook

USD/JPY’s sideway consolidation from 78.46 temporary low is still in progress and intraday bias remains neutral. More consolidations could be seen but in case of stronger recovery, we’d expect upside to be limited by 4 hours 55 EMA (now at 79.92) and bring fall resumption. Below 78.46 will resume the

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Filed under: Action Forex Market Outlook

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