USD/JPY Price Analysis: Bulls and bears battle it out at key support structure USDJPY Technical Analysis
Bears eye a break of the critical support structure. bulls continue to hold the fort at the key support structure despite the surprising conclusions of the Bank of Japan's recent deliberations. The following illustrates the prospects of a downside continuation on the front side of the daily trendline resistance and M-formation's neckline on the daily chart:As seen, the support structure in the 127.70s is holding up and the price is correcting towards the 38.
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