2:51 PM · 17 August 2020

❗ Technical alert: USDJPY 💲

USDJPY started a new week with a downward move. However the pair is trading near a key support. Looking at the H1 interval, the area marked with the green colour at 105.90 is the key demand zone. If buyers manage to halt decline there, an upward move could be launched. On the other hand, should we see a break lower, downward move may accelerate.

USDJPY H1 interval. Source: xStation5

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