FxWirePro: USD/JPY rejected at session highs at 104.38, short break below 104

• USD/JPY unable to hold gains above 104 handle, edges lower from session highs at 104.38.
   
• Finds major trendline support at 104, break below could see drag upto 103.50.
   
• Cautious sentiment around equity markets underpins the safe-haven Yen appeal.
   
• Major support levels - 104, 103.72, 103.52, 103.38 (20-DMA)
   
• Major resistance levels - 104.28 (1H 5-SMA), 104.33 (1H 20-SMA), 104.65 (trendline)
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Recommendation: Short break below 104, SL: 104.35, TP: 103.55/ 103.35