USDJPY News

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Last Updated Date: 23 March 2021 @ 7:59 AM (UTC)
*Please note that all the dates are in GMT time zone

Yesterday’s drop leaves a failed test up around the 109.30 resistance and signals a turn back to short term bear trending action. Trade is poised for selloffs and close under 108.32 implies a bear wave to 107.17. Any corrective congestion in the lower half of yesterday’s downturn should bear flag a setup for selloffs. A close over 109.40 is needed to reject yesterday’s downturn.

Resistance 2       109.34
Resistance 1       109.06

 
Support 1            108.60
Support 2            108.32
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