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USDJPY News

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Last Updated Date: 31 January 2022 @ 12:56 PM (UTC)
*Please note that all the dates are in GMT time zone

The USDJPY market is bullish with last week’s pressing rallies hitting likely target levels up against the 115.80 levels. A close over 115.80 will spark additional buying for a run beyond the last 116.35 high. If trade continues to be stopped against 115.76, be on guard for a flip to corrective setbacks / congestion. A close under 114.30 signals a topping turnover.

Resistance 2      111.57
Resistance 1      111.54
 

Support 1           115.00
Support 2           114.72


 
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.