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USD/JPY Outlook: Bulls Continue to Face Headwinds at Key Fibo Resistance

USD/JPY Outlook: Bulls Continue to Face Headwinds at Key Fibo Resistance
Bulls continues to face strong headwinds at key Fibo barrier at 136.66 (38.2% retracement of 151.94/127.22 downtrend), reinforced by falling 100DMA. Friday’s price action showed repeated failure to sustain break above this barrier, suggesting that the pair is likely to remain in extended sideways mode, awaiting fresh direction signal. Prevailing bullish tone on daily chart […] The post USD/JPY Outlook: Bulls Continue to Face Headwinds at Key Fibo Resistance appeared first on Action Forex... Read More
Posted: Mar 3 2023, 11:24
Author Name: actionforex
Views: 102359

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