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Forex technical analysis: USDJPY floor in place. What else does the chart tell us?

The floor is a little thick but is is solid Looking at the hourly chart of the USDJPY, the traders were busy shoring up the floor for the pair in the 112.81-93 area.  That area, since July 3rd, has only one bar that moved below the level (on July 4th). There have been 7 other lows