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24.03.2023 07:07 AM
USDJPY, H4 | Strong descending trendline ?

The USD/JPY pair currently has a weak momentum with low confidence due to its position below a major descending trend line, indicating possible bearish momentum. Breaking off from the first support at 130.39 could lead to a potential drop to the second support level at 128.10, which is a multi-swing low support level. On the resistance side, there are two overlap resistance levels at 132.81 and 134.55. However, due to the weak momentum and low confidence, it's challenging to predict whether the price will break above or below these levels.

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Dean Leo,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2023
GBP/USD, H4 | Break 1st support to continue to 2nd support?
The GBP/USD pair is exhibiting a bearish trend, with the price falling beneath the bearish Ichimoku cloud indicating a potential continuation of this trend. Key support levels are at 1.2376 (overlap support) and 1.2305 (swing low support), both potentially attracting buyers to the market. However,.
Author: Dean Leo
00:29 2023-05-31 UTC--4
1450
USDCHF , H4 | Bullish continuation expected?
The USD/CHF pair is displaying strong bullish momentum, as evidenced by its position above the bullish Ichimoku cloud and an important ascending trendline. This suggests a likelihood of further bullish action. The first support lies at 0.9029, an overlap support that may attract buyers and inhibit.
Author: Dean Leo
00:27 2023-05-31 UTC--4
1315
XAUUSD , H4 | Falling to 1st support?
The XAU/USD pair is currently demonstrating bearish tendencies. Key support levels are identified at 1932.03 and 1913.98, both being overlap supports and historical points of buying activity. This could potentially slow down or even reverse the bearish trend. On the contrary, resistance levels are.
Author: Dean Leo
00:24 2023-05-31 UTC--4
1450
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