FXWW News/Technical Analysis/USD/JPY

USD/JPY: Intraday break below 100.85 could see 100.00 test

Overall the recovery bull trend is the dominant factor at play here but it does look a tad overbought (see chart) and it would be certainly no surprise if we were to see a pull-back towards stronger support levels at 100.00. Initial support is at 100.85 and resistance at recent highs near 101.50.

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