USD/JPY: Initial Reversal Signal Needs Confirmation on Extension Above 140

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<p>The USDJPY is consolidating above rising daily cloud in early Monday, trying to capitalize from initial reversal signals (strong rejection above converged 100/200DMA’s / two week downtrend contained by weekly cloud top / Friday’s bullish engulfing and close above daily cloud top). Recovery was so far limited by initial Fibo resistance at 139.08 (23.6% of […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/510250-usd-jpy-initial-reversal-signal-needs-confirmation-on-extension-above-140/">USD/JPY: Initial Reversal Signal Needs Confirmation on Extension Above 140</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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