The USD/JPY pair fell today, and has broken below the 84.50 level, showing the bearish move may be gaining steam. The pair looks bullish still, (speaking to the long-term) and is currently trying to find support at the 83.50 area. A short isn’t advised as the central banks are the ones who pushed it up to begin with. If the 83.50 area holds over the next day or two – a long might be possible.
Originally posted here
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