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Fundamental vs technical analysis: spotlight on USDJPY
When it comes to forecasting, some check the news first and others go straight to the charts. In this article, experts in fundamental analysis and technical analysis go head to head on the future of USDJPY. On the weekly timeframe, it is clear that USDJPY is riding a strong bullish wave. The consistent formation of higher lows and higher highs and an ascending channel signifies the strength of the prevailing uptrend. Recently, prices rebounded from a crucial support zone at ¥142.00, which aligned with the lower bound of the ascending channel and 78.6% Fibonacci retracement, hinting at the potential for a further ... (full story)