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Dukascopy community members who took part in the weekly survey appear to be bullish on currency pair, as the consensus estimate for Friday's closing price is set at 101.62. Among the slight majority of bullish participants, "smeetei" has identified a falling wedge pattern and foresees a bullish price movement, while "carpe" bases his analysis on both strong support line on a daily chart and promising fundamentals that favor appreciation of the couple. In the meantime, "mvanzyl" is bearish on the pair as he thinks the Greenback would lose steam during the public holiday. In the meantime, "Geula4x" says that "USD/JPY seems to be on a strong bearish momentum on the daily chart," and thus expects the pair to lose its ground.
This week the couple is likely to be impacted by Employment Change data from the U.S. due on 2 July, which according to Fundamental Analysis Contest is likely to push the couple higher, and non-farm payrolls data due on 3 July.
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