USD/JPY- Back in resistance zone again
The USD/JPY pair fell from its resistance zone on a 30 minute time frame as predicted. However, the price is revisiting this zone once again, and this is the third time the price is coming back to this level. This simply confirms that the bulls are in control, and this resistance may no longer hold anymore and the price may be able to trade through this zone. Moreover, the price is trading above the 50 day (shown in green) but above the 100 day (shown in yellow) moving averages which is a further confirmation of the above argument.
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