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> Pressure remains on the USD – USD/JPY Market Outlook – 11/02/2021
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Pressure remains on the USD – USD/JPY Market Outlook – 11/02/2021

SquaredFinancial

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USDJPY traders lacked conviction yesterday as the bulls and the bears couldn’t breakout from this tight consolidation. After yesterday’s Fed dovish speech, the pressure remains on the USD to resume its bearish trend. The bears need a break below 104.50 to open doors for further weakness towards 104.

Support: 104.50 / 104.30
Resistance: 104.65 / 105

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/pressure-remains-on-the-usd-usd-jpy-market-outlook-11-02-2021
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