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USDJPY to Remain Vulnerable Below 110.00
The USDJPY is under pressure again today after gapping down last week. I wrote about how the pair was at risk of closing below 111.00 at the start of last week. That was a big moment for the risk-sensitive pair. Last Monday’s close below 111.00 exposed the next key support at 109.70. That level was tested on Thursday. However, there was another breakdown last week that flew under the radar unless you’re a member of my site. Thursday’s close broke a minor ascending channel here. You can even see where USDJPY retested former channel support on Friday but never closed back above it. Today’s gap down is yet ... (full story)