| As the new trading week unfolds, the USDJPY currency pair is showing notable price action near crucial technical levels. The 200-hour moving average (MA) and the 38.2% retracement of the most recent upward move are currently providing support for the pair. In this analysis, we closely examine the USDJPY's price movements, discuss the significance of the 200-hour MA and retracement level, and explore potential scenarios for the currency pair's performance in the early stages of the trading week. Stay informed and make well-informed trading decisions by gaining insights into the USDJPY's interactions with key technical levels. |
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