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SEB: technical picture for USD/JPY

According to analysts at SEB Bank, the bullish looking close on Thursday (1 pip below 101.80) is paving the ground for a recovery into the 102.27/38 resistance area. 

Drop back under 101.31 is needed to become JPY-bullish again. Current intraday stretches are located at 101.40 & 102.05. 

Chart. Daily USD/JPY


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