USDJPY Continued short test of 118 050
After the pulse at the end of last week, the pair will probably make a deeper correction to test the level of 118.47, and where 23.6 Fibonacci level. In rebaud will probably see new monthly highs and a break possible price drop in creeping curves.
4-hour chart we have bar formation Hanging man, and when confirming bar will have a strong signal to sell. Creeping curves are close to each other, still below the SMA50 and SMA100 SMA200, which is in favor of sellers.
In yesterday's data from Japan showed better values, as the trade balance reported an increase to -0397 trillion. -0637 Trillion yen compared to the previous period and the current account, which reported an increase to 0.977 trillion.
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