Usd jpy gained strength recently due to jpy’s weakness it was not due to Usd’s strength. After passing so much time in a range bound atmosphere, the pair now started to show signs of overstretched strength, it doesn’t really mean that the further strength is totally ruled out but the strength should be taken as a short opportunity. The pair is currently trading around 109.120 at the time of writing. The pair’s strength should soon be diminished according to our analysis. So we started to sell the pair with every rally from today. Hope we all earn decent profits in the pair.
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