USD/JPY Testing 89.20 support zone
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 89.32. Close to key 89.20 support area, yen seems to be consolidating past week gains against dollar, with hourly chart showing flat indicators yet a general bearish tone, as per under 20 SMA with a bearish slope, while 4 hours ones seem to have find a bottom and heading back north, still far from a bullish signal.
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USD/JPY: 89.00 the next important level
There are bids reported just above 89.00 and the usual heavy stops being reported just below there. The market is still bullish USD/JPY in my opinion and will keep stopping itself out when these types of levels break.
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Gbp/Jpy
With the daily chart of the GBP/JPY showing a series of lower highs and lower lows, we move down to the hourly chart to identify a potential entry into a new sell position.
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