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USD/JPY Pulls Higher: Yen Doubts Bank of Japan - ActionForex
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USD/JPY Pulls Higher: Yen Doubts Bank of Japan - ActionForex
On the H4 chart, USD/JPY formed a consolidation range around the 159.02 level and broke higher to 159.62. A correction to 159.02 is likely, followed by a possible rise to 160.44. Subsequently, a move lower towards 157.70 may develop, with a potential extension to 156.00. Technically, this scenario is confirmed by the MACD indicator, with its signal line above the zero level and pointing firmly upwards, reflecting the potential for the upward mov…
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