USDJPY - No clear indication that the downward move is ending

USDJPY - Intraday - We look to Sell at 137.50 (stop at 138.50)

Traded to the lowest level in 68 days. The 261.8% Fibonacci extension is located at 133.72 from 152.01 to 145.02. There is no clear indication that the downward move is coming to an end. Previous support now becomes resistance at 137.50. Intraday signals are far from strong.

Our profit targets will be 133.75 and 133.50

Resistance: 137.50 / 139.91 / 142.07
Support: 136.36 / 133.72 / 130.02

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