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USDJPY Price is Stable: Forecast for June 19, 2024

USDJPY Price Analysis

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The USDJPY price has settled above the 157.35 level, showing no significant movement yesterday. This stability maintains the expected bullish trend scenario for both the intraday and short-term basis. The primary targets for this bullish trend are 158.40 followed by 160.20.

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Expected Scenario

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To sustain the suggested bullish wave, it is crucial for the price to hold above the 156.75 level.

Expected Trading Range for Today

  • Support: 157.10
  • Resistance: 158.60

Trend Forecast: Bullish

The USDJPY pair is expected to continue its bullish trend, with technical indicators supporting further upward movement provided the price remains above the key support level.

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