USD/JPY Price Analysis: Bears looking for a long squeeze to test 118.00/10 area By ross_burland USDJPY Technical Analysis
USD/JPY is on the verge of a run towards 118 the figure.is slowing down as it reached the mid-point of the 118 area on Tuesday. From a lower time frame perspective, an intraday trade opportunity for the Asian session could come into play on the break of 118.25 as illustrated in the followingThe W-formation is a reversion pattern whereby price would be expected to retrace back to test the neckline of the W.
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