USD/JPY Outlook: Bears Consolidate Above Key Support Zone Ahead Of US Data

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<p>The pair bounces from 107 support zone which was cracked on Tue/Wed but without clear break so far. Bears face headwinds from supports at 107.00 (psychological) 106.91 (1 Apr low) and 106.70 (daily cloud top) with profit-taking after four-day fall, slowing dollar’s fall. Strong demand for safe-haven yen keeps USDJPY bears in play with consolidation […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/287383-usd-jpy-outlook-bears-consolidate-above-key-support-zone-ahead-of-us-data/">USD/JPY Outlook: Bears Consolidate Above Key Support Zone Ahead Of US Data</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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