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Bullish run losing steam – USD/JPY Market Outlook – 11/03/2021

SquaredFinancial

The recent USDJPY bullish run seems to be losing steam after the forex pair printed a series of lower highs and lower lows as yields and inflation fears moderate following the recent US CPI data. Technical indicators favor downside price action today, with 108.25 as next support target.

Support: 108.25 / 107.80
Resistance: 108.90 / 109.20

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/bullish-run-losing-steam-usd-jpy-market-outlook-11-03-2021
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