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- USDJPY Technical Strategy: Pending Long
- Shooting Star Awaiting Confirmation
- Doji on H4
The four hour chart offered an early indication that USDJPY’s upside
momentum was fading. A Doji formation near 105.28 signaled hesitation
from the bulls. Yet classic reversal signals appear lacking at this
stage. A continued retreat is likely to find buying interest renewed
near intraday support at 104.42.