<p>Medium-term uptrend of USD/JPY in place since 16 January 2023 at risk of breakdown. Steep decline from last Thursday, 6 July 2023 has reached oversold condition. Minor bounce cannot be ruled
With strong indications of the BOE's tightening future, the major focus of economists and markets will remain on the Bank of England's decisions about a new rate hike.
<p>Pivot (invalidation): 12764.00 Our preference Short positions below 12764.00 with targets at 12430.00 & 12240.00 in extension. Alternative scenario Above 12764.00 look for further upside
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