USDJPY Is Consolidating within $107 and $108, Awaiting a Bullish Breakout


Published 9m ago via cryptovibes.com

USDJPY Is Consolidating within $107 and $108, Awaiting a Bullish Breakout
CryptoVibes via cryptovibes.com

USDJPY Price Analysis – June 13 The Bearish momentum is getting weak and the Bulls are gradually taking over the market. USDJPY Market Key levels: Supply levels: $108, $109, $110 Demand levels: $107, $106, $105   USDJPY Long-term trend: Bearish USDJPY bearish momentum is getting weak on the long-term outlook.

The bearish momentum placed the pair at the low of $107 demand level on June 03. USDJPY 4-hour chart, June 13 The histogram of MACD period 12 is flat on the zero levels with its signal lines, which indicates that consolidation may continue for a short period of time.

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