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- USD/JPY struggles to extend three-day uptrend within weekly bearish chart formation.
- Steady oscillators suggest further grinding of Yen prices.
- 100, 200 SMAs and monthly support line act as additional downside filters.
- Bulls may aim for 138.00 on defying rising wedge pattern.
USD/JPY retreats to 135.15 as it prods a three-day winning streak heading into Wednesday’s European session. In doing so, the Yen pair eases within a one-week-old rising wedge bearish chart pattern.
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