Talking Points USD/JPY Technical Strategy: Shorts PreferredHammer Awaits Confirmation To Suggest RecoveryFocus Remains On Range-Bottom Near 101.00/20 USD/JPY’s recent Hammer formation on the daily may fail to yield a recovery for the pair with heavy congestion overhead. A jump over the 102.20 hurdle would be required to cast the immediate risk the upside, which would open the 102.77/103.00 range-top. However, at this stage the focus remains on the 101.00/20 floor. ...
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