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USD/JPY Technical Analysis: USD/JPY drops 110.00 level as US is set to announce new tariffs list on $200 bln worth of Chinese imports

  • Breaking News: US to announce new tariffs list on $200 bln worth of Chinese imports.
  • USD/JPY lost almost 40 pips in a knee-jerk reaction and is currently pausing at the 110.90 level. 

USD/JPY 15-minute chart 

Spot rate:                 110.97

Relative change:       0.02%     
High:                        111.04
Low:                         110.90

Trend:                       Bullish 


Resistance 1:  111.02-111.16 intraday swing lows
Resistance 2:  111.39 May 21 swing high
Resistance 3:  112.05 February 2 low
Resistance 4:  113.00 figure

Support 1: 110.90 June 15 swing high
Support 2: 110.62-75 supply level and June 21 high 
Support 3: 110.40 supply/demand level
Support 4: 110.21 June 22 high
Support 5: 109.90-110.00 area supply level and figure
Support 6: 109.55 June 19 low 

Breaking News: US to announce new tariffs list on $200 bln worth of Chinese imports

Citing sources familiar with the matter, Mike Dorning, deputy White House Editor for Bloomberg News, has recently reported that the Trump administrati
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USD/JPY back below the 111 handle on fresh trade war angst

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