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Forex: USD/JPY recovery capped at 96.25, back below 96.00

After bouncing at 95.60 and attempting to recover above the 96.00 area, the USD/JPY was capped at 96.25 and currently it's back below the 96.00 mark, trading at 95.85.

With the USD/JPY trading 0.45% lower on the day at 95.85, the FXstreet.com Forex Studies points a strongly bearish trend index. MACD, CCI and Momentum indicators are bearish while RSI and Stochastic are neutral.

“My intraday outlook is negative, as I expect a beak through 96.00 to trigger a slide towards 95.07”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to a positive bias on the senior frames above 94.50-70 support area, for a rise towards 97.60.

Forex: EUR/USD pulls back to 1.3040 after NY opening

The EUR/USD climbed the chart in time for the New York opening, having reached the 1.3074 high, but later taking profits on the up move and easing to 1.3040 area, where it is currently sitting.
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Forex: EUR/JPY back to daily losses on US session

Having moved back to its daily opening price area, to as high as 125.78 right as NY markets opened, the EUR/JPY started its profit taking process that has reached the 125.00, and now the 124.68 session low.
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