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Japanese Yen Forecast: USD/JPY Breakout Targets Critical Resistance2021-07-01 18:34:00The USD/JPY breakout has ripped into key resistance at fr...
Japanese Yen Technical Price Outlook: USD/JPY Weekly Trade Levels
Japanese Yen technical trade levels update – Weekly Chart
USD/JPY Breakout approaching critical uptrend resistance into July open / 3Q / NFP
Key Near-term resistance at 111.60/98 – Support 109.68
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The Japanese Yen is down more than 0.7% versus the US Dollar since the start of the week with USD/JPY attempting to mark a fourth consecutive weekly advance. While the broader price outlook remains constructive, the rally is now probing a critical resistance confluence and the bulls may be vulnerable while below this zone heading into the July / 3Q open with US Non-Farm Payrolls on tap tomorrow. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart heading into NFP / the extended holiday break. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Yen technical setup and more.
