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USDJPY is following a triangle. It has touched its lower line of triangle. It can be good support level. It can be good buy zone for this pair. We can buy from it. If it can break this triangle then we can go for sell.
We can draw fibo in the upward movement of this pair. Fibonacci retracement of 23.6% level is good area for buy in this pair. For buy entry, we can target 120 area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 121.62
Resistance One (R1): 120.04
Pivot Point: 119.03
Support One (S1): 117.45
Support Two (S2): 116.44
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