Tanalys

USD/JPY 95.35 Remains a Level to Keep in Mind for a Low

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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FOREXAnalysis: The USDJPY found support at the 6/14-6/18 resistance area today and formed small range key reversal. 95.35 (Fibonacci confluence and close of the low day in June) remains a potentially significant support price if reached. Near term resistance is 97.15/33.

FOREXTrading Strategy: Looking for a low near 95.35.

LEVELS: 94.67 95.35 95.75 97.15 97.50 98.20

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