USDJPY Finds Support at 20-Day SMA
The USD/JPY has found support at the 20-Day SMA at 93.49 where we also see short-term trend line support. Considering the resiliency of the pair in the face of the issues in Greece and a pull back in stocks, this could be an opportunity to get long. I would wait for a break back above 94.00 with a target of 95.00. However, a break back below the technical level could change my bias.
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