USDJPY has been trading in small body candlestick formations since the last few trading sessions after it found support near 103.70 levels, which is its strong support zone signifying a rebound in the offing. On the weekly charts as well dollar yen has been trading in small body candlestick formations suggesting the down trend to have likely ended and a support for the pair below current levels. The currency pair could rise towards 104.80 and 105.00 while it sustains above 103.80.
Technical Analysis Team
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