USD/JPY Forecast – May see retracement in downtrend

USD/JPY Forecast (16/07/17) :-The USD/JPY went down at the last moment of the week but i feel that the 200 EMA is giving a good support in the H4 chart frame and me expecting a bounce upto the 113.20 level before going down to the 111.80 level.So for me its a buy call for a short term buy in this pair but yes in the long run the pair is in a downtrend channel and for that we should be cautious here .

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