After dropping to 91.50 - 91.60 level, it might look to rise again for
a 92.50 level and if it manages to break above that level, then we
will see 93.30 a next target for USDJPY. If we look into weekly
charts, strong upward trend is quite clear and it looked to stay
upwards and we might see USDJPY touching 93.50 level during this week
.
If we look into downward move, break of 91.50 will setup USDJPY for a
move towards 90.50 and we might find good number of traders looking to
enter USDJPY on this break. RSI is just above 58 and currently seems
to play no role in USDJPY movement.
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