USD/JPY Closes Higher Third Day In A Row

Forex Trades • Aug 13, 2020 at 3:50 AM EDT

USD/JPY saw more gain to close higher for a third day in a row on Wednesday.

USD/JPY saw more gain to close higher for a third day in a row on Wednesday. On the downside, support resides at 106.50 level. Below this level will turn focus to the 106.00 level. Further down, support is seen at the 105.50 level. A cut through here will open the door for more decline towards the 105.00. On the upside, resistance comes in at the 107.50 level where a break will target the 107.50 level. Below that level will turn focus to the 108.00 level and then lower towards the 108.50 level. On the whole, USD/JPY faces further upside threats on pullback

USDJPY Closes Higher Third Day In A Row

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