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Technical Analysis Daily
USD/JPY 103.46 - May 26th

USD/JPY Open 103.33 High 104.38 Low 102.73 Close 103.31
The US Dollar climbed against the Japanese Yen last week from 102.73 to 104.38, which are the first support and resistance levels respectively for the currency couple today. The 104.40 level is 61.8% correction of the descent from 105.65 to 102.80. Next support further down is expected at 101.90, which is 37.8% correction of the climb 95.80 - 105.65, followed by the broken top from 23 March at 101.00. In upward direction next resistance for today is expected at 105.30, followed by 106.00.

Technical resistance levels: 104.40 105.30 106.00
Technical support levels: 102.75 101.90 101.00
Trading range: 103.60 - 102.95
Trend: Downward
Sell at 103.46 SL 103.76 TP 103.06