USDJPY possible continuation of the downward movement test of 117,180. When you break the pair will likely focus on the 23.6 Fibonacci level from where we will have appropriate levels to detect longovi positions.
SMA 100 samples SMA200, and the MACD is still in the negative zone, which is in the downward movement of the 4-hour chart.
Today data ISM index for services from the US showed better results: 56.7 compared to forecasts of 56.4 points, but private sector employment declined by 213,000 compared to forecasts of 223 000. In the longer term sentiment remains in support of dollars due to expectations of future increases in interest rates. In Japan, meanwhile, the prime minister announced that he would continue the incentives until it reaches the desired inflation target of 2%.
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