Chart of The Day $USDJPY 1-17-2017

On the USDJPY daily chart, we can see that the pair has broken below the 113.750 and is again testing the lower wedge line. The pair now needs a daily close above 113.750 to invalidate deeper correction to 110-112 zone. If we get a close above 113.750 it will be a third rejection and a strong buying signal.

Happy trading! (click on the chart to enlarge it)


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