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Technical Analysis Report - USD/JPY

23/08/2016 // 06:45:35 am

General outline:

The currency pair, USD/JPY gained position during the Asian session today. Yesterday the FED official Fischer told that the regulator is  looking forward to return to the interest rate hike before the end of this year.

Present scenario:

The market opened close to 100.77-resistance level which was followed by a pullback, but the gap was not filled- which might be a strong bullish signal. The pair USDJPY pulled back to 100.32.

Trading commendations:

In today's market uncertainty, we expect the range trading within 99.90-107.78

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