Chart of the Day $USDJPY

USDJPY is targeting the previously broken resistance

On the USDJPY daily chart, we can see that the pair is in the corrective pullback which could lead to a test of a previously broken downside resistance 111.300-111.600 zone. Only a break below the 109 level will invalidate the upside extension.
Note: look for the long trade entry with the stop loss below 109 level.

USDJPY trading technical analysis

 

 

 

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