This article was first published on Orbex Forex Trading Blog.
USDJPY managed to break above Short-Run resistance 111.40 this week which trigger fast advanced on market
we still looking toward our second scenario after the break where target around 113.30-70 zone
The pair beeing on the overbought seems not holding the advance while zone of 113.30-70 may set a drop correction toward 111.90
Above 113.70 market may hold the advance rally toward 114.70 which in turn may trigger such drop correction
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