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USD/JPY seems to be on its way to support – a possible opportunity?

USD/JPY is moving towards a key support level at 160.7210. This is a previously tested level for USD/JPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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AUS200 is approaching 7833.0000. We expect either a breakout through this line, or a rebound.

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