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Short

112.70 is strong resistance for USD/JPY, bias lower

FX:USDJPY   U.S. Dollar / Japanese Yen
214 0 7
USD/JPY             largely rangebound in the Asian session, after two consecutive day's of losses.

112.42 is strong support for USD/JPY             , pair has edged higher taking the support.

We see strong resistance at 112.70 levels. Breaks above could target 113 and then 113.14.

Breaks below 112.42 will take the pair to 112.15 and then 111 levels.

Technical indicators for the day are lower, but some upside seen on hourly charts.
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