USDJPY
USDJPY is currently looking to test an important level at 93.10 in weekly charts and if USDJPY manages to break above that level then the next level to test for it will be 96.65 and break of that will confirm upward trend in weekly charts. We might see aggressive traders taking a chance by selling USDJPY around 93.10 level with a small stop and hope that USDJPY resumes its downward trend.
In case of a dip by USDJPY, the initial target will be around 90.00 level and break of that will set 87.00 as next target level for USDJPY. Currently USDJPY is at a critical point and conservative traders might choose to sit back and let USDJPY settle in one direction.
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