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Technical Analysis Report - USD/JPY

31/08/2016 // 07:06:34 am

General outline:

As the overall Household spending did not meet the expectations of the traders, the currency pair rose on Thursday.  

Present scenario:

The 4 hours chart displays that MACD and RSI indicators are flat within a positive territory. The price moved upward from the 200-EMA. There are some risks towards the upside now. The resistance is observed at 103.50, the support comes in at 102.50.

Trading commendations

The first target for the buyers is 103.00  The currency pair USD/JPY is oversold   

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