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USD/JPY – getting close to psychological price line

USD/JPY is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.

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After testing 26990.0000 numerous times, JPN225 is once again approaching this price point. Can we expect a bearish trend to follow?

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