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USD/JPY mark: 109.50
Forecast: Upside
Key points:
H4
Resistance: 111.57
Support: 109.38
109.50 is where is located Fibonacci Retracement (50%) at W1 timeframe (the period started at September until now.
on chart
The price has showing a completed tipical two declining legs. It is expected from now on some retracement until touch the longitudinal descending line.
Forecast: Upside
Key points:
H4
Resistance: 111.57
Support: 109.38
109.50 is where is located Fibonacci Retracement (50%) at W1 timeframe (the period started at September until now.
on chart
The price has showing a completed tipical two declining legs. It is expected from now on some retracement until touch the longitudinal descending line.
