FX.co ★ Technical analysis of USD/JPY

USD/JPY:

The chart shows the movement of #USD/JPY on the hourly (H1) chart.

Quotes are near the support level of £147.12, with the possibly of growing towards £148.00 per dollar. The latter may become a key resistance level, which could determine whether or not the pair will head in the direction of £146.00, or continue moving to £149.30. This uncertainty indicates the need for careful consideration when entering and exiting the market.

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