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USD/JPY– Upside Pressures Noticed at 123.73

The pair has been rising since the 10th of June, 2015, as the bulls were able to take the absolute control over the price.
The bullish scenario could resume, provided that the price breaks above 123.73. The take profit targets could be placed at 124.10 and 124.58 respectively.
Alternatively, in the event buyers are unable to resume their control over the pair’s price, the sellers could take advantange of the level 123.10 and with an aggressive downside break lead the pair close to 122.46.

Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.

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