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USDJPY Technical Analysis And Key Levels

Bulls vs Bears

USDJPY Technical Analysis And Key Levels

We just want to keep it simple.

As described in the chart, 106.200 is broken down.

We have a weak support at 105.940 ( EMA 50 and Fibonacci 50 of XC Move )

105.850 105.500 will be the next targets of the pair.

105.600- 105.500 region is an important support.

If it breaks below the support, we will see the Bears much eager to sell.

105.200, 104.650 and 104.00 will be the next targets of the pair.

If it fails to break below, Bulls may come back to the arena.

You can follow the chart and the prediction:

https://www.tradingview.com/chart/USDJPY/yBf7JHZ2-USDJPY-Overview-Bulls-vs-Bears/

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.

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USDJPY Technical Analysis:  Involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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