USDJPY receives strong resistance at 100-hour MA amid volatile trading environment ...Middle East

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USDJPY receives strong resistance at 100-hour MA amid volatile trading environment
The USDJPY has experienced upward movement, reaching towards an earlier identified topside target at the 100-hour moving average (MA) located at 151.435. Despite this ascent, sellers present at the MA level have successfully resisted further gains by the buyers. During the US trading session, the pair peaked at 151.419, slightly below the 100-hour MA, showcasing the stiff resistance at this level. The day's lowest price point was 151.019, narrowly above the last Friday's corrective low of 150.997, indicating a tight trading range.Should the pair sustain a position above 151.435, it would signify a strengthened bullish sentiment among traders. Conversely, a dip below 150.997 could tilt the ma

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