USD/JPY Holds Into 160.880 with Confirmation Needed
Research preview
USD/JPY Hourly, Daily And Weekly Candle Charts USD/JPY is trading near 160.182 against the daily pivot at 159.343, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. USD/JPY H1 candlestick chartHourly price action with price near 160.182 is trying to build upside control. The desk is watching sellers closed the latest candle below its open inside a 160.138-160.202 candle range, the recent sequence is still pressing higher, while price is testing resistance near R1 159.571. The next useful filter is the next hourly close should either defend the reaction zone or expose a false start; From a risk-control angle, a break...
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