USDJPY 2017-12-21 Intra-day analysis.

BoJ leaves monetary policy unchanged. NZD GDP rises 0.6%

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USDJPY 21.12.17

USDJPY intra-day analysis

USDJPY (113.39): The USDJPY managed to push higher, marking a two-day gain. Price action is seen attempting to test the previous highs near 113.7. Following the breakout above the resistance level at 113.06 – 112.90, any short-term declines could see price falling back to establish support at this level. To the upside, USDJPY will need to breakout above the previous highs to post further gains. 114.00 remains the next target to the upside, while the downside could be limited to 113.00 region.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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