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Pair has been appreciating since the beginning of August. Prior to that pair depreciated by 580 pips in the course of a month. It has recovered most of it by now. From the recent development we can see that 200-bar SMA seems to providing support for the pair and pair should touch it once again when approaching pattern's support. Probability of such scenario is going well in line with the readings of technical indicators. Long term technicals, however, raise some questions due to it's neutrality. It seems that 100 JPY will be giving some resistance in the near future as well.
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