USDJPY Gaps Down Into Support Zone
Is this the right time to buy into the USDJPY pair? EURUSD just dropped a whopping 158~ pips giving us a modestly bullish strength into the U.S. Dollar. Our recommendation is to conservatively buy into this pair as the Dollar strength is expected to prevail given the bearish gap down in EURUSD. We don't usually see both gapping in the same direction. It looks like this sell off is over done over market fears and will soon correct itself.
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