USD/JPY: Tension at the $145.938 Resistance Level
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Currently, the price hovers around $142.582, with solid protection from the $141.682 support level. This is the final "shield" preventing deeper declines.
However, all eyes are on the key resistance level at $145.938. If the bulls muster enough strength to break through this level, a breakout to new highs could open up, offering a valuable opportunity for those bold enough to seize it.
The intrigue doesn't end there. The EMA 34 and EMA 89 at $143.437 and $143.373 are providing solid support, helping to maintain the market's rhythm.
Traders are anxiously awaiting hot economic data from the U.S., fueling market tension. Will USD/JPY make a spectacular breakout or reverse course?
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