Its all about USD/JPY holding 108 support as talk on intervention increases. The next level of support is widely seen at 106, therefore this triggers the H&S formation on the Nasdaq.
Daily chart is vulnerable to breaking out of the bullish channel.
Its all about USD/JPY holding 108 support as talk on intervention increases. The next level of support is widely seen at 106, therefore this triggers the H&S formation on the Nasdaq.
Daily chart is vulnerable to breaking out of the bullish channel.
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