Hit a new low multiannual USDJPY today as it fell to EUR 82.75 before closing approximately 82.92. There is strong support come into play around current levels near 82.90. However, this market is looking pretty depressed right now.
The trend is currently down the USDJPY and how this force remains a sale. pin bar configurations which constituted bearish recently on this daily chart of USDJPY add further weight the downward trend of this graph.
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Comment:
The dollar continued to weaken today, although at a slower pace than what we saw on Tuesday in currency markets.
The dollar held its ground against the pound sterling as the GBPUSD finished the day unchanged, however, the dollar has lost the rest of the main currencies. Gold strengthened even today, just under $ 1350.00 per ounce in motion.
The Dow rose 22.93 points, or 0.21%, S & P 500 added 0.78 points or 0,07% and the Nasdaq lost points 19.17 or 0.80%.
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