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The USDJPY price needs new positive momentum – Forecast today - 07-11-2024
The USDJPY price continued to rise yesterday to touch 154.70 level, waiting for more rise to achieve the first positive target at 155.00, which breaching it represents the key to head towards 156.00 followed by 156.80 levels as next positive stations.
The bullish channel organizes the suggested bullish wave, taking into consideration that breaking 153.65 will stop the expected rise and push the price to target this channel’s support line around 151.70 before any new positive attempt.
The expected trading range for today is between 153.70 support and 155.20 resistance
Trend forecast: Bullish
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