USDJPY Resting Key Broken Support

FX:USDJPY   U.S. Dollar / Japanese Yen
632 6 4
The price is retesting the 50-days SMA and horizontal resistance level around 103.00, risk remains to the downside as long below this resistance.
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ooo so overall trend stil bearish until it reach somewhere around 101, oni then it will rally ..?
how come tapered d, the USD still haven't rally? Will it really goes down all the way to 101?
It didn't rally cause the jpy is strengthening. That is because the overall sentiment of markets is negative, usually when market in risk mode the Japanese is well demanded as a haven currency. On the other hand, the U.S. dollar hasn't rallied against the majors.
yeah, its better we wait for the FOMC meeting later. Thanks technician
so its going down to 101.5?
May and may not :) .. But i would speculate on that yeah
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