USD/JPY attempted to
push higher during yesterday’s session, reached an intraday high at 102.75 but
closed lower at 102.07. In the early trading hours today the pair visited the
lower level and hit 101.70. The short-terms expectations remain to downwards
for testing the
support located at 101.50 - 101.15. Immediate resistance is seen at 102.50. A
clear break above that area could lead the pair to neutral trading zone but still
the bearish scenario is more preferable. On the downside, a clear break and daily closing below 101.15 will target the
100.00 - 99.50 area next week.
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