Sasha Singh
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USDJPY : Bearish Momentum Forming

USDJPY is trading between the support and resistance at 102.02 and 102.64 respectively since mid-April. The pair seems like facing resistance from the falling resistance trend line also which is giving a bearish signal and the pair might fall below existing support. However in my opinion the pair will continue to trade between this falling resistance trend line and the support at 102.02 until the non-farm payroll data comes out tomorrow.