USDJPY LONG #HOKCapitalThe US dollar breaks down below the ¥107 level during the trading session on Friday to look even more bearish. At this point, it looks as if we could very well roll over, and I think if we break down below the lows of the trading session, it’s very likely that we would see some type of major break down. At that point I would anticipate that this market would go looking towards the 100% Fibonacci retracement level, which of course is closer to the ¥105 level.
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