May 13 - USD/JPY could not break above expected resistance! Is the current decline a pullback or a full-scale drop?

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Dollar/Yen,

has been rising from after Friday’s employment report until yesterday, and since yesterday evening it has been falling.

The resistance was firm, wasn’t it. That was this week’s key level forecast.

That forecast article (Monday the 11th).In the end, on Monday and Tuesday it failed to break above here and fell.

GBP/JPY, as predicted in yesterday’s article, declined.

Going forward,

Q: Has the rise been broken?

Q: If this is a pullback, how far could it fall?

Now, today as well, we will forecast using the Keikana Line method.

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