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USD/JPY Daily Technical Reports

Spot Price: 122.75
Technical Analysis:
Short trade taken o/n remains on the edge w prices rebounded to the 1.3315 O/N high that the stop is placed beyond. Lower Bolli band now comes in around the same spot and provides some reinforcement. Bullish divergence has lifted hourlies above midrange. Dailies are a tad oversold but trend studies remain upwardly mobile with room to run. Cover a 1.3265 bounce














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