Yen remains above 93.35
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Yen remains above 93.35FITITOL–>FXstreet.com (Buenos Aires) – USD/JPY Current Price: 95.42. Pair remains above previous high’s congestion zone around 93.35, correcting from 95.80 highs reached in American session. This far, 20 SMA in the hourly seems to be capping the downside exactly in the same congestion zone previous strong resistance level.
Indicators turned bearish in the hourly suggesting correction could extend to the 95.00 zone. “Bigger time frames remain bullish so, expect drops to remain limited in Asia,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 95.35 95.00 94.70. Resistance levels: 95.68 96.10 96.60.
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