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   “¢   The pair extended its intraday sharp retracement slide from fresh one-month tops and momentarily slipped back below the 113.00 handle in the last hour.

   “¢   Weakness break below 50/100-hour SMA was seen as a key trigger for bearish traders, though the downfall seems to have found some support near 200-hour EMA.

   “¢   Technical indicators on the 1-hourly chart have been gaining negative momentum and point to an extension of the intraday steep decline led by the US midterm election results.

   “¢   A decisive break through the mentioned support and a subsequent fall below 38.2% Fibonacci level of the 111.38-113.82 recent upsurge, will add credence to the bearish outlook.

USD/JPY 1-hourly chart


       Last Price:  113.07
       Daily change:  -39  pips
       Daily change:  -0.344%
       Daily Open:  113.46
       Daily SMA20:  112.55
       Daily SMA50:  112.43
       Daily SMA100:  111.76
       Daily SMA200:  109.97
       Daily High:  113.51
       Daily Low:  113.1
       Weekly High:  113.4
       Weekly Low:  111.78
       Monthly High:  114.56
       Monthly Low:  111.38
       Daily Fibonacci 38.2%:  113.35
       Daily Fibonacci 61.8%:  113.25
       Daily Pivot Point S1:  113.2
       Daily Pivot Point S2:  112.94
       Daily Pivot Point S3:  112.79
       Daily Pivot Point R1:  113.62
       Daily Pivot Point R2:  113.77
       Daily Pivot Point R3:  114.03