USD has gained strength in the recent few days. Is it a beginning of reversal? In my opinion a further consolidation is expected. Looking at the daily USDJPY chart it's obvious that the price still sits in the box. A major resistance at 108 is coming. Its fair to expect a test of this level. A breakout will open the way to futher JPY decline. A trade from the top of the range is preferred to my trading style.
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