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Pick of the Day 11 April 2022 USDJPY

　　

USDJPY Intraday: further advance.

Pivot Level: 124.50

Our preference:
Long positions above 124.50 with targets at 125.05 & 125.30 in extension.

Alternative scenario:
Below 124.50 look for further downside with 124.25 & 124.00 as targets.

Comment:
The RSI is bullish and calls for further advance.

Note: The information is provided for reference purposes only and doesn’t take into account your personal objectives, financial circumstances, or needs, and does not constitute investment advice. We encourage you to seek independent advice if necessary. VT Academy will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

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Weekly Market Analysis: 11 April 2022

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