USD/JPY analysis of the week (4h candlesticks)

By @ibtimes on

The parity USD/JPY is still moving below its bearish slant (in purple) and as far as it is the case, we will maintain to trade only short positions. The level 38.20% at 90.34 is now acting as resistance. The parity is going to test the level 50% at 89.28 and its break out will give a new sell signal.

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