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USD/JPY Daily Technical Reports

Spot Price: 122.05
Technical Analysis:
As often happens, prices found support at the figure, this time 121.00, then rebounded past 122.03, removing the underside of the MT up TL broken Tues. Prior hourly resistance and a 50% Fibo at 122.35 nearly reached since then. Hourlies are a tad o/b so we would fade another failure in the 122.30-45 range. Minor support is at 121.70














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