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USD/JPY Technical Analysis: Greenback remains stuck near 112.00 against Yen

USD/JPY daily chart

  • USD/JPY is trading sideways above its 200-day simple moving average (SMA).
  • Despite broad-based USD strength USD/JPY remains stuck near 112.00 figure.

USD/JPY 4-hour chart

  • USD/JPY is challenging the 50 SMA.


USD/JPY 30-minute chart

  • As the 112.00 resistance continues to cap any advances, the levels to the downside near 111.80, 111.50 and 111.30 remain exposed to bearish attempts.
  • A clear break above 112.00 figure can lead to 112.20 resistance.


Additional key levels

 

USD/TRY: October 1 low and October 23 high at 5.8692/5.9068 in focus - Commerzbank

"USD/TRY is about to overcome the 5.8449/5.8525 March and current April highs with the October 1 low and the October 23 high at 5.8692/5.9068 remainin
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