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USDJPY






8/10/2017 12:22:14 AM

USDJPY - Technical Analysis: Thursday, 10/08/2017 04:22 GMT



The USDJPY pair could not manage to confirm breaking 109.90 level yesterday to enter the sideways range again, and the price still below the bearish trend line that appears on the chart below, to keep the negative pressure valid in the coming period, noting that confirming breaking the mentioned level will push the price to head towards 107.83 mainly.

Thus, the bearish trend will remain expected for the coming period, noting that rallying to the upside to surpass 111.00 will stop the expected bearish trend and push the price to rise.


Target
Risk


Support
Resistance


Trend Bearish

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