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USD/JPY slips to test the next technical level
Since my last update, noting that the USD/JPY had managed to hold its 50 day moving average and rebound at the first time of asking, that rebound has now given way to fresh downside. So, this time the dollar has fallen below 147.82 and just now tested the next technical support level, at 147.66. That is where the 100 day moving average is in place. The low seen so far has been set at 147.68. It is just above there now, but it remains to be seen, if that 147.66 level will cap this further downside wave. Naturally, the EUR/JPY and GBP/JPY are lower as well. The USD/JPY is currently trading at 147.77
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