July 29, 2016

USDJPY Chart update

  • USDJPY Daily resistance line and cloud acted as resistance for the pair. News event did not take the pair above its daily cloud.
  • Now crucial support for the pair is at 100 as discussed in yesterday's post. the 50% Fib level in month chart is at 100. Further weakness for the pair only if price starts to trade below this level.

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