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Technical Analysis Report - USD/JPY

28/09/2016 // 09:37:49 am

The Japanese currency grounds after Haruhiko Kuroda’s speech. KurodŠ° noted that the regulator was ready to use every available tool to achieve its 2% inflation. After testing 100.00 support zone the price bounced off and slightly recovered. The upward momentum faded at 101.00 where the price turned around. The USD/JPY sharply fell and erased all its previous gains. The pair seems to be making another attempt to break the level 100.40. The 4 hours chart shows that the price met a selling pressure around the 50-EMA. All moving averages keep heading lower in the in the same chart. The resistance is at 101.40, the support comes in at 100.40. expect other attempts to break the 100.00 mark.

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