LeoPrime Daily Market Analysis

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USD/JPY: Retested the trend line and falls back to 109.00 Region



USD/JPY retested near the 109.52-50 region, below which the pair is likely to slide further below the 109.00 handles towards testing its next support near the 108.75-70 region. On the flip side, the 109.60 horizontal level now seems to act as an immediate resistance, which if cleared might assist the pair to make a fresh attempt towards conquering the 110.00 handles.

 

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