USD/JPY H4 price stuck inside a range between support and resistance (marked in green). The last upward rebound was not able to test the resistance and we have another, internal lower high. That shows a potential weakness of buyers. Now we should catch short-term decreases, counting on approaching the support zone for the sixth time in the last two weeks. The quarterly GDP reading from USA may be key event (14:30 CET) – if the data and forecast differ, there is a possibility that we will observe a break above current consolidation.
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