USDJPY has given a break out from the bullish parallel channel on 14th March 2022. Since then it printed a parabolic move of more than 400 pips. Now it is approaching to weekly resistance which has been active in the past.
We are expecting reversal from the zone and think price can drop to 118.500 level.
We are expecting reversal from the zone and think price can drop to 118.500 level.
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