USDJPY – Pullback at bespoke resistance (110.00)

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USDJPY - Pullback at bespoke resistance (110.00)
Monthly: The long-term outlook is for higher levels with the pair posting a potential bullish reverse Head and Shoulders formation. A break of 127.50 (neckline) is needed to confirm the formation. There is scope for a deeper correction, in an AB=CD formation, toward 92.00. This timeframe offers a mixed picture. Weekly:  Holds within a corrective channel formation. Although we have seen a re...