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Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-The last USD/JPY update noted that "a period of congestion at lower levels may be in store given the importance of the price level and channel resistance." USD/JPY has pulled back but today's low (7/28..pre BoJ) is in the vicinity of daily lows before and after Brexit so upside resumption is a distinct possibility.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
