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USD/JPY Daily Technical Reports

Spot Price: 123.15
Technical Analysis:
Maximum damage done to the recent dntrend o/n as prices cleared Tuesday"s high and Monday"s low before falling back to retrace half of the 122.25/123.35 rebound at 122.80. Most dailies remain bearish. Hourlies are climbing out of midrange. Giving the bears a slight benefit of the doubt while prices remain below the 10-day MA at 123.43, bullish above. The market strategy is Sell at 123.35














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