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Techncial outlook for USD/JPY - FXStreet

Valeria Bednarik, chief analyst at FXStreet offered a technical outlook for USD/JPY.

Key Quotes:

"In the 1 hour chart, the 100 and 200 SMAs have extended their declines, well above the current level, whilst the technical indicators have turned modestly lower around their mid-lines."

"In the 4 hours chart, the price is well below its moving averages, whilst the technical indicators have barely corrected oversold readings, holding within negative territory. 100.60 stands for the 50% retracement of the 75.56/125.85 yearly rally between October 2011 and June 2015, a line in the sand for the pair, given that steady losses below it should see the decline extending further in the longer run."

"Support levels: 100.95 100.60 100.25 ... Resistance levels: 101.40 101.85 102.20."

Aussie retails sale preview - how will AUD/USD react?

AUD/USD is trying to stabilize below the 0.76 handle after a US session that was friendly to the US dollar bulls, recovering from 0.7568 ...
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USD/JPY – Weak recovery struggling to take out 1-hr 50-MA

Despite a rebound in the USD/JPY from 100.71 (50% of 2011 low-2015 high) in the previous two trading days, the spot is having a tough time taking out
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