During the trading hours yesterday, the US dollar raised its value from 111.54 JPY to 111.57 JPY. This morning the currency pair is trading at 111.46 JPY. According to the analysis of our team Forex Signal BLUE BLOOD, if US dollar breaks the resistance levels at 111.90 - 111.92 JPY, the aim will be reaching and testing the zone 112.23 - 112.24 JPY. If it is successful, the upward trend will continue to 112.58 - 112.60 JPY. If USD drops below the support levels at 111.24 - 111.22 JPY, it will try to find next support at 110.87 - 110.86 JPY. In case of breaking down, the downward trend will continue to 110.55 - 110.54 JPY.
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