Forex USD/JPY Daily Video, April 15, 2022

Sive Morten

Special Consultant to the FPA
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Good morning,

Yen is coming to strong monthly resistance area of 127. As price is overbought, chances for pullback exist. Thus, if you plan to take long position on USD/JPY - this is the scenario that you could consider. Initial pullback target stands around 123.50-124 - 5/8 daily support area:

 
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