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Forex pairs in this Article » USD/JPY
FXstreet.com (Barcelona) - The USDJPY understand the stalling seen at key resistance at 82.68/83.17 (78.6% retracement of the move seen this year and the 2011-2012 resistance line), but the pair should eventually extend gains very near term, while being held by good support is seen at 81.78 (April high) ahead of 80.63 (June high). "Beyond some consolidation we favour a break higher - above 83.17 targets 84.19, the 2012 high en route to the 200 week ma at 85.18, where we would expect initial failure", wrote analyst Karen Jones.
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