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Trend Signals Remain Bullish

USDJPY TECHS
  • RES 4: 148.85 High Oct 31 2022
  • RES 3: 148.60 2.236 projection of the Jul 14 - 21 - 28 price swing
  • RES 2: 148.40 High Nov 4 2022
  • RES 1: 147.95 High Sep 15
  • PRICE: 147.87 @ 20:24 BST Sep 19
  • SUP 1: 145.91/07 Low Sep 11 / High Jun 30
  • SUP 2: 144.78 50-day EMA
  • SUP 3: 144.45 Low Sep 1 and key support
  • SUP 4: 143.30 Low Aug 10

The USDJPY trend needle continues to point north and price is trading at the recent highs. The focus is on a climb towards 148.40 next, the Nov 4 2022 high. Moving average studies remain in bull mode position, highlighting the market's positive sentiment. On the downside, 144.45 represents key short-term support, the Sep 1 low. Initial firm support lies at 145.91, the Sep 11 low.

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