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The USD/JPY pair is now trying to break the 109.05-109.15 levels, its nearest liquidity pool. If this level is broken, there is a possibility that this pair will edge higher to the next target at 109.39. This scenario is likely to happen if the USD/JPY pair does not drop bellow 108.44.
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The material has been provided by InstaForex Company - www.instaforex.com