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USD/JPY intraday: as long as 142.69 is support look for 144.38
2024-01-04
1112
Our pivot point is at 142.69.
Our preference: as long as 142.69 is support look for 144.38.
Alternative scenario: below 142.69, expect 142.07 and 141.70.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (143.27) but above its 50 period moving average (142.60).
Supports and resistances:
145.12 **
144.75 *
144.38 **
144.01
143.21 last
142.94
142.69 **
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