The dollar strengthened after Moody's downgraded Japan's ranking, reaching day highs at 76.85, to retrace after that, partly due to disappointment at Ministry of Finance's measures to curb the yen's strength, returning to day lows around 76.50. and because we can see the 4-hour chart the pair can't close the resistance level at 77.50 and the level pulls the price back down with a strong bearish push 3 candles formed. I think the pair due to trading down the ema50 line may fall down more to test the 76.50 level


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