USD/JPY technical analysis: Set-up favours optimistic traders and a move towards reclaiming 107.00 handle part 2
The momentum may additional get extended towards mid-107.000s en-route sixty one.8% Fibo. level - round the 107.70-75 region - that if cleared can negate any pessimistic bias and carry the combine additional on the far side the 108.00 handle - towards the 108.45-50 provide zone.
On the flip facet, the 106.20-15 horizontal zone would possibly still shield the immediate draw back, below that the combine would possibly flip at risk of head back towards difficult the a hundred and five.00 handle with some intermediate support close to the a hundred and five.65 region.
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