Aurum Markets Blog Technical Analysis USDJPY approaching support level

USDJPY approaching support level

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USDJPY is heading towards a line of 151.5710. If this movement continues, the price of USDJPY could test 151.5710 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Downward sloping Moving Average

Target: 151.571 Entry: 152.934 Stop: 153.6796

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