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USD/JPY Weekly Outlook – Action Forex
BySilas WUSD/JPY edged lower to 139.87 last week but recovered since then. A short term bottom could be formed on bullish convergence condition in 4H MACD. Further rise is expected this week for 38.2% retracement of 158.86 to 139.87 at 147.12. However, break of 141.51 minor support will bring retest of 139.87 low instead. In the…

