USDJPY News

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Last Updated Date: 23 April 2021 @ 7:46 AM (UTC)
*Please note that all the dates are in GMT time zone

The USDJPY is in the oversold area for the 5th day. Thus, the market is signaling a short term bull trend posture. A close over 108.40 calls for a push against the last peaking/swing high levels. A close over 109.25 is bullish and creates potential for a breakout attack over the 109.90 high. Trade may congest back into last week’s congestion zone, but holding off 108.00 keeps the market aligned for rallies. A close under 107.30 cautions for a negative turnover.

Resistance 2       108.46
Resistance 1       108.18

 
Support 1            107.72
Support 2            107.40


 
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