USDJPY NEUTRAL TO BEARISH SCENARIO
The recent market dynamics have showcased a resurgence in the USD following signals from the Federal Reserve indicating a prolonged period of stringent interest rates despite the apparent conclusion of the rate-hike cycle. Conversely, the JPY has encountered a mixed landscape amid speculations surrounding the Bank of Japan's potential departure from negative interest rates. Notably, technical indicators are shaping the narrative for the USD/JPY pair. The MACD signaling sell positions and the RSI maintaining a neutral stance reflect a complex outlook. Analysts are eyeing support levels at 146.04, with the pivot point positioned at 148.19. These technical markers suggest the potential for the price to encounter resistance levels at 150.41.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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