USDJPY 02-01-2018 Intra-day analysis.

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USDJPY 02.0.2018

USDJPY intra-day analysis

USDJPY (112.71): The USDJPY posted declines on Friday although the U.S. dollar is looking to pare some of those losses. In the near term, the modest recovery could see USDJPY rallying back to the 112.90 – 113.00 level where resistance could be established. A reversal near this resistance could keep USDJPY range bound. Support at 112.04 remains the key level to the downside. A breakout from this range is required in order for USDJPY to establish further direction.

 

 

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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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