Preferred direction: SELL
Comment: Based on short-term volume analysis, the currency pair is about to start falling to the level of 147.816. This probability is high, but we also do not exclude the probable scenario of the price approaching the level of 150. The more medium-term target for the current expected fall is the level of 146.500. The fall is supported by comments from the Central Bank of Japan and its supposed interventions, which will strengthen the position of the Japanese currency.
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Comment: Based on short-term volume analysis, the currency pair is about to start falling to the level of 147.816. This probability is high, but we also do not exclude the probable scenario of the price approaching the level of 150. The more medium-term target for the current expected fall is the level of 146.500. The fall is supported by comments from the Central Bank of Japan and its supposed interventions, which will strengthen the position of the Japanese currency.
Thank you for like and share your views!
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