USD/JPY IPDA 60-Day Range Price Movement For April 23, 2020

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The USD/JPY pair has got stuck in a trading range in the Premium Array area according to the Interbank Price Delivery Algorithm (IPDA) that is 60-Day Range. So, this pair is likely to test 108.37 before the price retreats to the Clean Low Liquidity Pool area at 106.93. As long as the price does bounce above 109.39, the pair is set to follow the bearish bias, going down to the Discount Array area.

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