Trader, analyst and instructor with a 6-year experience

USD/JPY under pressure

USD/JPY has come under a renewed selling pressure, having touched 97.15 as of writing. The pair is testing the levels below the 200-day MA (97.26).

Buy orders are concentrated in the 97.20/97.00 area. Slide below 97.00 could open the way for a deeper drop. Next support lies at 96.50. 

Chart. H4 USD/JPY

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