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USD/JPY Technical Analysis: Greenback mixed reaction against Yen post-US CPI

USD/JPY daily chart

  • USD/JPY is trading below its 200-day simple moving average (SMA).


USD/JPY 4-hour chart

  • USD/JPY has found some support above 111.00 and the 100 SMA.

USD/JPY 30-minute chart

  • The bulls seem to have regained some control.
  • However, the level to beat for bulls is 111.30 followed by 111.50 level.
  • To the downside, support is seen at 111.00 and 111.80 level.

Additional key levels

 

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