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USD/JPY Daily Technical Reports

Spot Price: 122.95
Technical Analysis:
Continues to trade lower off of the 124.15 22 Jun highs reaching 122.10 ahead of latest bounce. A lower top is now sought below 123.55 for next drop back under 122.10 towards 120.80-121.50 area. However, latest bounce from 122.10 coincides with rising t-l support from 05 Mar and failure to trade back blw 122.10 should be concerning for bears














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