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USDJPY: Support at 102.30/102.00, resistance at 102.70/103.00

Written By Unknown on Selasa, 19 Agustus 2014 | 05.11

The dollar bulls bounced back yesterday and look to have resumed full control with a strong green candlestick suggesting increased positivity once again. This move has now left a higher reaction low at 102.12 as the bulls prepare themselves for another test of the resistance at 102.70 and more importantly the top of the 3 month range at 103.00. A close above 102.80 would range up the pressure near term too. The moving averages continue to improve and are also supportive. With momentum



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