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USDJPY remains in red for the third consecutive day and hits again pivotal Fibo support at 151.50 (38.2% of 137.57/158.87). Recent attack was contained at this zone that validates support, setting scope for another rejection here that would add to scenario of healthy correction before broader bulls resume. Although daily studies are negative (strengthening bearish […]

The post USDJPY – Weekly Inverted Hammer Suggests that Bears May Lose Traction at the Zone of Key Fibo Support appeared first on Action Forex.

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