USD/JPY on the daily chart enters a technically interesting place. I am talking about a fairly well-respected bearish channel, the beginning of which dates back to January last year. Its upper edge, at which we are currently, is particularly well respected. At the end of May we were witnessing a very strong downward rebound, now the situation seems to be repeating. In the macroeconomic calendar, the main point is the afternoon reading from the US real estate market. Around 16:00 GMT+2 there may be increased volatility. If there were declines after good data, it would indicate a negative sentiment on this currency pair. The target for supply would then be the level of May lows around 108.40.

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