USD/JPY Price Analysis: How far can this rally go? By ross_burland USDJPY Technical Analysis
charts, albeit well into the past, in 1998, the yen rallied for three consecutive months and tallied gains of some 24% from when USD/JPY fell from 147.67 to 111.88:
has painted a W-formation which is a reversion pattern and the price would be expected to revert towards the neckline, near the 50% mean reversion level around 129 the figure. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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