USD/JPY Base into BoJ?
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USD/JPY Base into BoJ?

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USD/JPY Base into BoJ?

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.

For more analysis and trade setups (exact entry and exit) , visit SB Trade Desk

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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.

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