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FxWirePro: USD/JPY hovers around 109.00, intraday bias remains bullish

  • USD/JPY is currently trading around 109.06 marks.
     
  • It made intraday high at 109.21 and low at 108.74 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 108.68 marks.
     
  • A daily close below key support 108.68 will take the parity down towards 108.18, 107.43 and 105.72 levels.
     
  • On the other side, a sustained break above 109.68 will take the parity towards 112.60 levels.
     
  • On the top side, initial resistance levels are seen at 109.68, 111.23, and 112.60 marks respectively.
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