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FX.co ★ USD/JPY analysis for September01, 2021 - Breakout of the multiday balance to the upsside

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Forex Analysis:::2021-09-01T11:40:49

USD/JPY analysis for September01, 2021 - Breakout of the multiday balance to the upsside

Technical analysis:

USD/JPY analysis for September01, 2021 - Breakout of the multiday balance to the upsside

USD/JPY has been trading upside and I found the breakout of the multi day balance in the background.

Trading recommendation:

Due to the breakout of the consolidation on good volume, I see potential for the upside movement.

Watch for buying opportunities on the pullbacks with the upside targets at

110,55

110,80

Support is set at the price of 110,30

Analyst InstaForex
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