The pair continued the decline of the dollar against the yen in a calm atmosphere and now stands at the threshold level of 78.00, where it continues trading in a descending channel which is explained in the picture and supported by the 50 SMA.
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As such, our expectations for a downward trend will continue and remain valid as long as stability is below 79.55
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The expected trading range for today is between: Support Resistance 77.00 79.00
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A general trend is expected for the day: downside


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