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Pick of the Day 06 May 2022 USDJPY

  

USDJPY Intraday: the upside prevails.

Pivot Level: 130.00

Our preference:
Long positions above 130.00 with targets at 130.80 & 131.20 in extension.

Alternative scenario:
Below 130.00, look for further downside with 129.55 & 129.15 as targets.

Comment:
The next resistances are at 130.80 and then at 131.20.

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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