The USDJPY remains under pressure with the closest target at the 108.25.  If the price breaks the 108.25 level, the next target will likely be at the 108.00. In contrast, resistance is found at the 110.84(100-DAY MA) and 112.00 respectively. A break above the 112.00 could possibly force the pair as low as 112.40(Psychological). The RSI(DAY) and the CCI(DAY) remains at the oversold territory.

 

 

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Christos Nikolaou

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