USD/JPY Outlook: Negative Signal On Repeated Close Below Fibo Support/20DMA At 107.69

<p>The pair is holding in directionless mode but below broken pivotal Fibo support at 107.69 (38.2% of 101.18/111.71 upleg, reinforced by 20DMA) following eventual close below here that generated bearish signal. Tuesday’s strong upside rejection left bearish daily candle with long upper shadow, which adds to negative signals. Daily MA’s turned to full bearish and […]</p>
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