DESCRIPTION :
USD/JPY is still in the bearish channel, although last week this currency managed to close above the Simple Moving avarage (10) at 76.86; the next week the upside strength was so strong for this currency that it was likely to test the 78.00 level. Conversely, if this currency reverses its course back to a level of 76.34; the 76.00 level will be the main target and the level of 75.75 would be the next target for this currency.

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