Flows and Orders/FXWW News/USD/JPY

USD/JPY: Quiet consolidation a bullish sign

Asia has been quiet in USD/JPY over the last few sessions and we’ve seen the same again today, consolidating in tight ranges above 100.50. I’d consider this to be a bullish sign and suggests that the bulls are quietly comfortable.

Sell orders reported near 101.25 is the next topside target and prior resistance at 100.00 now become support.

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