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USDJPY Technical Analysis

Time Frame : 30 mins


USDJPY formed a range between 19 FEB – 1 MARCH. There was finally a bear push to 105.200. Bear candle exhaustions at 0.0 Fib level and demand area on 4h time frame ,rejection at demand zone on D1 time frame , ema’s on 30m time frame cross signifying possible bull push back to last weeks demand / support zone (106.487).
Possible correction of price back to 106.400 area.