Be aware.
The USDJPY fell below the low from last week at the 106.965 and the 38.2% of the move up from the August 26 low at 106.925. The low reached 106.87, but we are seeing a rebound back above those levels.
Is the low in place? Are we due for a correction?
Stay above the 106.91 level and the buyers could build some more corrective action in the pair. The sellers had their shot. It failed.
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