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USDJPY - Weekly Analysis

Pembelian
FOREXCOM:USDJPY   Dollar A.S. / Yen Jepang
Price has been moving in a parabolic manner since March. There was a few times in recent structure that price formed a doji star and it seemed like price would reverse but it didn't. Similar to the monthly chart, price is nearing a major resistance zone + trend resistance. If bullish momentum continues to show from the dollar price will continue to trend nicely. There is a chance that price can consolidate in this region for some time.

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