Currency Pair:Usd/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 124.36
Trend:uptrend
Possible trading range:122-126
Signals: on the monthly chart the technical part is struggling to complete the right shoulder of a massive inverted head and shoulders pattern with its neckline situated around 124.50.
Fundamentals: The BOJ seems to not accept an exchange rate above the 126 level. On the other side( US) any rate hikes remain data dependent. In case the chinese mark…
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