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USD/JPY – Eyeing trend line support

FX:USDJPY   Dolar U.S/ Yen Jepun
Pair’s close below 112.61 on Thursday followed by a failure at 112.95 earlier today and a retreat to 112.15 levels suggests the losses could be extended to 11.60-11.70 (descending trend line support).

The RSI is bearish… pointing downwards. The MACD has turned bearish as well.
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