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USD/JPY - Pattern & SMA Perspective

72
Dear Friends in Trading,

How I see it,

Can demand/trend hold to jump over the 150.000 barrier?

1) Daily 200SMA @ 149.600 may cause serious pressure.
2) Will price hold above 1HR-200SMA in case of selling pressure?
3) The pattern suggests bullish continuation with limited downside.

I sincerely hope my point of view offers a valued insight.

Thank you for taking the time study my analysis.

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