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USD/JPY capped at 99.80

USD/JPY is consolidating in the 99.40/80 range on Wednesday, below the yesterday’s high of 99.85.

The pair remains in a short-term bullish channel. However, for now growth remains limited by the stop orders in the 100.00/25 area.

Resistance: 99.80, 100/25, 100.45/50

Support: 99.40, 99.25/15, 99.00, 98.50, 98.00

Chart. H1 USD/JPY

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