USDJPY Trade Idea Sep 03
On the technical side, the USD/JPY continues to trade the Fibonacci levels which are extending nice support and resistance to the safe-haven currency Japanese Yen. On the lower side, we may see USD/JPY going towards 38.2% Fibo levels of around 105.80 and 50% Fibo level of 105.600. While resistance stays around 106.200. Consider staying bearish below 106.250 as that's what 20 and 50 periods EMA are suggesting.
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