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USD/JPY: 'Window' acted as support

USD/JPY: 'Window' acted as support

Information is not investment advice

The lower 'Window' has acted as support, so there're a 'Doji' and a 'Hammer' patterns, which both have been confirmed. It's likely that the pair is going to test the nearest resistance at 111.09 and the Moving Averages. The subsequent pullback from these levels could be a starting point for another decline towards the next support at 108.13.

2205usdjpyD.png

jpy

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