USDJPY Price Analysis – June 13
The Bearish momentum is getting weak and the Bulls are gradually taking over the market. USDJPY Market
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.
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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.