- USD/JPY is another pair on my watch list. I been anticipating a lot of Dollar weakness for sometime now since the beginning of March. I have UJ to continue lower, there is some nice support at 111.640 that I would want to see broken before I get short. I would also get short if I can get some cheap sells around resistance at 115.000 price point. Price is showing a lot of trouble at the 61.8 Fibonacci level. A break of the CTL near the support level would be good confluence to get short as well. I would like to see this pair continue down toward the 100.500 price point at least.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.