USD/JPY hourly chart shows that currency pair rate approached really strong resistance zone, which was tested five times already. We may observe some symptoms of momentum slowing its strength. It is worth to mention, that last Friday brought bullish engulfing pattern near the long-term support, which started another cycle of gains. Yesterday, after two days correction pin bar candle occurred, which suggest an opportunity of further increases. It seems, that such strong resistance should bring another retrace. 118.00 looks really interesting – price may fall here and then rebound.
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