$USDJPY Risk Aversion Halts its Gains -
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Investors' fears about the future of Chinese economic growth coincided with expectations of a recession in the US economy, which increased the appetite of investors and markets to buy safe-havens. Gains of the recent bullish rebound for the USD/JPY currency pair stopped at the resistance level of 135.13, its highest in a month and a half.The clarity of the head and shoulders formation of the USD/JPY pair on the four-hour chart helped the selling operations to take recent profits, to launch towards the support level of 133.36, before settling around the level of 133.80 at the time of writing.
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