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USDJPY Daily Analysis – September 6, 2017

USDJPY stays in a trading range between 108.26 and 110.94 and is now facing 108.26 support. A breakdown below this level could signal resumption of the downtrend from 114.49 (Jul 11 high), then next target would be at 106.50 area. On the other side, as long as 108.26 support holds, the range trading could be expected to continue.

USDJPY 4-hour chart

Author ForexCycle.comPosted on September 6, 2017Categories Short Term Forex AnalysisTags USDJPY

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