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Gold-Tech
Sep 8, 2023 10:57 AM

💱USDJPY - Market aims for 150 on weak yen Long

U.S. Dollar/Japanese YenFXCM

Description

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USDJPY on the senior timeframes aims to test the global resistance level of 2022. The Japanese yen is weakening strongly against the backdrop of a strengthening dollar.

TA on the high timeframe:
1) A break of 144.897 sends the price to 148.86
2) A small rebound from this level is possible with further growth to 152.0 in the medium term.

TA on the low timeframe:
1) the market acquires a strong support area: 146.56. A rebound and a retest of the next level 147.4 is being formed
2) If the second level is broken, the market will get a target of 147.87.
3) But! A rebound to 146.56 with further growth is possible.

Key support📉: 146.56
Key resistance📈: 147.4
Comments
Gold-Tech
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Hi! Do u agree with me? Share your opinion ;)
AlloysK
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Best USDJPY idea posted idea so far. I like it. Thanks for sharing
FirstNameHelen
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Keep sharing your great charts dear, I like your work
WalterMoon
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Quality Post, Thank you brother for showing us this details, I didn't saw it earlier
ArmanShabanTrading
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Beautiful idea!
CryptoCheck-
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Nice work!
Nova-Scalper
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nova agree with your idea
RLinda
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Thanks, keep up the good work) Love your analysis
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