Japanese Yen 8200 is of Interest
Daily Bars
Prepared by Jamie Saettele
The impulsive character of the USDJPY decline suggests that weakness is probably wave a of an a-b-c correction (probably a sharp zigzag). Price has met initial support from former resistance at 8312 so a bounce back towards 8440 is possible (in wave b) before additional weakness resumes towards 8200 (38.2% retracement and former resistance).
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