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USDJPY near resistance, could possibly drop

USDJPY is testing our first resistance at 110.32 (61.8% Fibonacci extension,23.6% % 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop to its support at 109.05(horizontal swing low support, 100% Fibonacci extension).
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Tickmill

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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