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USD/JPY Price Analysis: Bears eye the weekly wick target
USD/JPY is under pressure as the bullish rally starts to decelerate. The bears are in the market and eye a correction that targets the trendline supports as the following will illustrate. chart The weekly charts show that the price was capped last week and has since deteriorated. The wick on the last week´s candle could be filled this week as follows: chart This leaves a bearish bias for the days ahead and the daily chart sees the price sandwiched between the support and the resistance line, currently. chart The Bears are flexing but need to do more. On the 4-hour chart, we can see prospects of a correction of ... (full story)