Forex USD/JPY Daily Video, April 15, 2022

Sive Morten

Special Consultant to the FPA
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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