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KQMarkets

USDJPY - Short - Continued Downtrend

Short
Dollar Américain / Yen japonais (FOREXCOM:USDJPY)  
KQMarkets  
FOREXCOM:USDJPY   Dollar Américain / Yen japonais
Support and Resistance Fibonacci Beyond Technical Analysis USDJPY short
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supportandresistance fibonacci beyondta usdjpy short
We still see USDJPY moving lower as it has continued it's downtrend despite bouncing towards resistance at 105.4 on the back news surrounding a coronavirus vaccine and the subsequent stock market rally. Fears of the impact of a 2nd wave of the virus and expected US stimulus continue to put downward pressure on the currency pair as we anticipate prices to move lower towards support at 103.7.
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