USDJPY pulls back from 110.37 |
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USDJPY pulls back from 110.37, suggesting that the pair might be forming a short term cycle top on 4-hour chart. Sideways consolidation in a range between 1.0837 and 110.37 could be expected in next few days. Up trend will resume after consolidation and further rise towards 112.00 is still possible.
Filed under: Technical
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