USD/JPY Outlook: Near-Term Action To Remain Biased Lower While Recovery Attempts Are Limited

<p>The pair is trading within a range that extends into third straight day and moving around broken Fibo level at 107.69 (38.2% of 101.18/111.71). Directionless near-term mode is supported by flat daily momentum and RSI, but a cluster of daily MA’s above the price (laying within 108.00/87 zone) weighs and keeps near-term bias with bears. […]</p>
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