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USD/JPY - Improving
USD/JPY continues to improve after its successful test of the support at 101.25, as can be seen by the break of the short-term declining trendline. Monitor the test of the resistance at 102.29. A key resistance area stands at 102.70-102.83. An initial support lies at 101.76 (intraday low). A long-term bullish bias is favoured as long as the key support area given by the 200 day moving average (around 100.21) and 99.57 (see also the rising trendline from the 93.79 low (13/06/2013)) holds. A major resistance stands at 110.66 (15/08/2008 high). • EUR/USD is showing signs of weakness near its key resistance area ... (full story)
