USD/JPY Facing Resistance at $149.488, Volatility Ahead
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USD/JPY is currently hovering around $147.852. After a slight rise, the pair is now facing a key resistance level at $147.814. Failure to break this level may lead to a pullback towards the strong support at $145.488.
The EMA 34 and EMA 89 are providing stable support, but selling pressure remains strong. However, if USD/JPY can break through the $149.488 resistance, the market could see a significant rally towards the next resistance level at $154.262.
The RSI indicates a neutral position, suggesting a breakout could happen in either direction. Investors should closely monitor key economic news from the U.S., as this could determine the next trend for USD/JPY in the coming days.
The EMA 34 and EMA 89 are providing stable support, but selling pressure remains strong. However, if USD/JPY can break through the $149.488 resistance, the market could see a significant rally towards the next resistance level at $154.262.
The RSI indicates a neutral position, suggesting a breakout could happen in either direction. Investors should closely monitor key economic news from the U.S., as this could determine the next trend for USD/JPY in the coming days.
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