1minute with ForexSurvivor Latest impact: USDJPY Weekly Resistance About to be Gone! USDJPY tracked 8060 last week, the 50% Fib Line of the plummet that started in Mar. This level is absorbed to be as well the weekly resistance with parameters 2009 – 2012 Mar. The condition is OB, an indication that auxiliary sell off is expected before up-trend resumption is confirmed towards 8200. We are looking for the dip to floor near 7900 level; we will risk the posture on a close below 7870.
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USDJPY Weekly Resistance About to be Gone!