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28 august, 18:12
USD/JPY. Forex technical analysis

jpy

The current rate bargains a month within the limits of a price range 108 - 110.60. Last 4 days pass the auctions in narrower range 108.75-109.90. It specifies all in uncertainty of the market participants on the given financial tool.

It is accordingly expedient to continue work in the given ranges. Last two hours it is possible to observe testing support level 109.00/108.75 which breakdown can strengthen some the bear moods in the market. Histogram MACD is in a negative zone and specifies in poorly expressed bear moods.

Resistance levels: 109.20, 109.40, 109.60, 110.00, 110.30 110.50/60, 111.00

Current price: 109.00

Support levels: 108.75, 108.40, 108.20, 108.00, 107.70, 107.50 107.10/00

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