Below you will find technical analysis of the top forex pairs, commodities, stocks and indices to watch in today’s trading.
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Yesterday the USD/JPY pair finally broke the 95 level. The pair was increasing yesterday until 12:30PM (GMT) which was stopped by worse-than-expected U.S. data. During the Asian session the pair lost part of its gain and was traded on the 95 level again. If we compare the U.S. Dollar index chart and USD/JPY you would see that the most of the movements were caused just by U.S. Dollar and not so much was changed by Yen. Traders are unsure about effectiveness of “Abenomic” and just waiting for the news from U.S. market. The trend on the market is slightly down with support lying at 94.25 and resistance lying at 96.50.
Trend: Slightly Down
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