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Remains Soft

USDJPY TECHS
  • USDJPY pair traded to a fresh trend low Monday clearing the former support at 102.88, Dec 17 low.
  • This confirmed a resumption of the underlying downtrend that started late March last year.
  • The next objective is set at 102.02, Mar 10, 2020 low.
  • On the upside, 103.32, the Dec 31 and Jan 4 high marks initial resistance. A break if this level is required to ease the current bearish pressure.
  • EURJPY is still trading within the past months range - resistance is at 127.23, Dec 29 high and support lies at 125.71, Dec 16 high.

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