USD/JPY Weekly Technical Analysis

The dollar yen is moving in an ascending pattern, expected to start descending from the selling liquidity resistance area at 115.58 levels, to target the purchasing liquidity support area at 114.50 levels, and from the support area we expect the week’s bottom to form.
But in the event that the four-hour candle closes above the level of 115.58, we expect the continuation of the rise, targeting the resistance area of the selling liquidity at 116.67 levels, and from the resistance area we expect the top of the week to form.

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