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USD/JPY Technical Analysis: 109.00 handle line-in-the-sand for further gains

  • USD/JPY is trading in a range between the 108.10 and the 109.00 handle as bulls are gathering momentum to potentially break above the 109.00 level.
  • USD/JPY found some support at the daily 50 and 100-period simple moving averages.

USD/JPY 15-minute chart

Spot rate:                108.80
Relative change:    -0.01%     
High:                        109.02
Low:                         108.38

Trend:                       Neutral


Support 1:               108.40 current Thursday's low
Support 2:               108.10 current week’s low
Support 3:               107.00 handle, previous congestion zone

Resistance 1:         109.55 May 23 low
Resistance 2:         111.00 handle
Resistance 3:         111.41 May 21 high

GBP/USD: data reports mixed; broader trend in the market remains soft - Scotiabank

Analysts at Scotiabnk explained that the UK data reports were mixed. Key quotes: "UK data reports were mixed earlier; house prices remained soft in
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USD/JPY: eyes on significant resistance as the 200 day MA at 110.20 - Scotiabank

Analysts at Scotiabank explained that JPY is underperforming all of the G10 currencies in an environment of mild risk appetite and broad-based USD wea
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