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Mixed Sentiment Keeps traders on their edge – USD/JPY Market Outlook – 16/07/2020

SquaredFinancial

The Dollar/Yen founds support at the 106.70 level after the Dollar Index bounced from a critical support amid a mixed sentiment. Growing coronavirus cases globally and US-China tensions counterbalancing the optimism over the vaccine progress, kept investors confused and on the edge of their seat. The pair remains directionless trading in a range between two major pivot points, 106.06 and 108.15.

Support: 106.70 / 106.40
Resistance: 107.10 / 107.40

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/mixed-sentiment-keeps-traders-on-their-edge-usd-jpy-market-outlook-16-07-2020
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