Chart of the Day USDJPY

USDJPY is bouncing from the support 

USDJPY is bouncing off the support 106.800 level. Clear confirmed daily close above 108 is required for an upside extension to 109 and even higher. The pair is much correlated with the risk now then the USD so a bounce in stocks if extended, should lead USDJPY higher

ARMAT trading system is neutral

Note: look for the long trade entries with the stop loss below 107

 

 

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