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USDJPY Fighting with support level | July 19, 2017



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Usdjpy has been falling since 7 July. We can see strong bearish pressure on this pair and this pair has come near to support zone at 111.70. Above this support, we can get some bullish movement. This pair has formed bullish pin bar pattern from the support level. So, this can be an indication for bullish movement on this pair.

We can see 200 ema on h4 on this support zone. So this moving average will act as a support level for this pair. If usdjpy rejects from this level, we should look for buy, SL will be below the support level, the target will be 40-120 pips.

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