Thursday market analysis: USD/JPY

Hello traders,

let’s hit them charts:

 

1. USD/JPY

US Dollar vs Japanese Yen

The bears are in control in USD/JPY. That said, price is approaching a key support zone.

I will be waiting to see price reaction when it gets around the key support zone. If we do get candlestick reversal patterns, then we should be looking out for buy opportunities that will take us back to NPRZ 

 

What say you?

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