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USD/JPY intraday: as long as 145.34 is resistance look for 143.63

2024-01-05
890

145.34 is our pivot point.

Our preference: as long as 145.34 is resistance look for 143.63.

Alternative scenario: the upside breakout of 145.34, would call for 145.97 and 146.34.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 144.93 and 144.83).

Supports and resistances:

146.34 **

145.97 *

145.34 **

145.09

144.82 last

144.00

143.63 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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