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Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 26, 2022 - 22:39
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 116.000 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A trough is formed in daily chart at 114.645 on 03/04/2022, so more gains to resistance(s) 123.500, 125.800 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 83.

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