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The USDJPY price resumes the bullish track – Forecast today - 11-04-2024
USDJPY Price Analysis
Expected Scenario
- The USDJPY price breached 151.96 strongly and rallied upwards to achieve the expected positive target at 153.00 direct.
- This indicates a continuation of the main bullish trend, heading towards additional gains reaching 154.10 areas as the next main station.
Expected Outcome
The bullish channels support the continuation of the expected bullish wave, which receives good support from the EMA50.
Note that breaking 151.85 will stop the expected rise and push the price to achieve some intraday bearish correction.
Expected Trading Range
Between 152.10 support and 153.80 resistance.
Trend Forecast: Bullish
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The GBPUSD price returns to the correctional bearish track - Forecast today - 11-04-2024
We expect to witness more decline in the upcoming sessions. Breaching 1.2580$ will halt the current negative pressure and lead the price to attempt to build a new bullish wave targeting 1.2700$ as a first positive station.
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MoreUpdate: The GBPUSD breaks the support
The GBPUSD pair bounced downwards strongly after finding solid resistance at 1.2700$, to break 1.2580$ and hint heading to achieve new bearish correction in the upcoming period, opening the way to target 1.2480$ areas as a next main station.
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