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USD/JPY Daily Technical Reports

Spot Price: 117.56
Technical Analysis:
117.75 has stalled and price is easing back from these highs. Daily charts continue to favor the downside in spite of oversold levels being tested and a move towards the mid 116s is possible. Looking for good sell opportunities again with relatively tight stops recommended.

The market strategy is Sell at failure to break the resistence level 118.00














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