USD/JPY Price Analysis: Bears eye a 61.8% golden ratio By ross_burland USDJPY Technical Analysis Fed DollarIndex
and prospects of a deeper retracement:The W-formation is a reversion pattern and so far, the price has corrected into a 50% mean reversion area which is holding up as support. A break of here would be expected to see the price challenge the old highs and presumed support near a 61.8% golden ratio of around 128.60.
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