InvestMate 💱 USD/JPY Doesn't Want to Fall 💱

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💱 USD/JPY Doesn't Want to Fall

💱 Nearest strong support zone: around local lows.

💱 Nearest strong resistance zone: around the fibo level of the 0.236 fall wave.

💱 Technical environment:

📊 Moving averages: 50/50

📊 MACD: 50/05

📊 RSI: Uptrend

💱 Price action: the USD/JPY, after bouncing off the resistance zone, scored a flat correction which was held within the 200 moving average. So far, the formation looks pro-growth. Looking at the multiple attempts to beat the price which turned out to be a failure. There is a good chance of a test of the resistance zone once again looking at the strength of the dollar.

📈 The scenario I am playing out is a renewed attack on the resistance zone. I do not exclude changing the scenario in case of a sudden change in the market situation. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and carefully read the description.

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