After the publication of data on initial applications for benefits, which were lower than expected, the USDJPY was fixed above the support level of 119.80, however, the desired results are not shown. The dollar weakened instantly. If we talk about the long term, it is necessary to wait until the price will be confident enough to overcome a horizontal range of 119.40-120.28.
The main scenario: Price did not have time to form a downlink signal, while the "Alligator" indicates the completion of the rising sentiment. For sales have to wait for fixing prices below 119.40. The ultimate goal - below 118.59.
Alternative scenario: To generate sustainable uplink signal, the price should go all the way in more than 80 points, with consolidation above 120.28. Objective - 121.80.
Resistance levels: 121.80, 120.67, 120.28.
Support levels: 119.40, 118.59.
The main scenario: Price did not have time to form a downlink signal, while the "Alligator" indicates the completion of the rising sentiment. For sales have to wait for fixing prices below 119.40. The ultimate goal - below 118.59.
Alternative scenario: To generate sustainable uplink signal, the price should go all the way in more than 80 points, with consolidation above 120.28. Objective - 121.80.
Resistance levels: 121.80, 120.67, 120.28.
Support levels: 119.40, 118.59.
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