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USDJPY News

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Last Updated Date: 18 February 2022 @ 11:54 AM (UTC)
*Please note that all the dates are in GMT time zone

The rallies from during this week still hint for a short term trend shift to the upside. Look for attempts to extend rallies, but trade will need to post a close over 115.44 to attack the previous swing high peaking levels 115.87. Be careful for another corrective congestion day. A close under 114.42 is bearish and suggests a selling wave to new lows and possibly 113.78.

Resistance 2      115.44
Resistance 1      115.16

 
Support 1           114.70
Support 2           114.42




 
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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.