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USD/JPY OUTLOOK 20/04/2020

USD/JPY OUTLOOK 20/04/2020

Daily Pivots: (S1) 10,719; (S2) 10,685; (S3) 10,640; (P) 10,764; (R1) 10,797; (R2) 10,842; (R3) 10,876

Intraday bias in USD/JPY remains neutral for the moment. On the downside, the break of 10,692 will most likely cause the price drop to 10,514 closing the downward overbalance. On the upside, the break of 10,938 will suggest that fall from 11,170 has completed. Intraday bias will be turned back to the upside for 11,170/11,220 resistance zone.

 


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