USD/JPY: 34 MA acting as support

USD/JPY: 34 MA acting as support


The price is approaching the nearest important support at 110.82 by the last 'Window'. If a pullback from this level happens little later on, we're going to have a bullish price movement towards the nearest resistance at 111.82.


The 34 Moving Average is acting as support. The main intraday target is the closest support at 110.82. A pullback from this level could be a departure point for another bullish rally.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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