USDJPY continues to trade bullish on Monday, affirming its continuing 5th-day bullish impulse. On Friday, the pair traded in a tight range and kept trading nearby 106.850 as the USD kept growing on Trump elected as a president.
Today on Monday, the exchange has again opened with huge gaps as investors are yet aggressively acquiring USD. Overall the high to low transition remained 89 pips. On Friday, the pair lost 22 pips from an opening price of 106.816…

Fundamentals:
JPY
• 10-y Bond Auction
• Leading Indicators
USD
• JOLTS Job Openings
• Presidential Election
• Congressional Elections

Technical Levels:

R3: 108.10
R2: 107.76
R1: 107.56
Pivot Point: 107.23
S1: 106.89
S2: 106.69
S3: 106.36

Recommendation:

Sell below 108.25
Take Profit
• 1st @ 107.45
Stop Loss @ 108.55

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