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   “¢   The pair extended its consolidative price action on the first day of a new trading week, albeit now seems to have formed a firm base near 200-hour SMA.  

   “¢   Bullish technical indicators on the daily chart support prospects for additional gains, albeit mixed oscillators on hourly charts warrant some caution.

   “¢   Hence, it would be prudent to wait for a sustained break through Friday’s swing high, coinciding with 50-hour SMA, before positioning for any meaningful up-move.

USD/JPY 1-hourly chart


       Today Last Price:  111.52
       Today Daily change:  4  pips
       Today Daily change %:  0.04%
       Today Daily Open:  111.48
       Daily SMA20:  111.22
       Daily SMA50:  110.16
       Daily SMA100:  111.3
       Daily SMA200:  111.44
       Previous Daily High:  111.9
       Previous Daily Low:  111.38
       Previous Weekly High:  111.9
       Previous Weekly Low:  110.88
       Previous Monthly High:  111.5
       Previous Monthly Low:  108.73
       Daily Fibonacci 38.2%:  111.58
       Daily Fibonacci 61.8%:  111.7
       Daily Pivot Point S1:  111.27
       Daily Pivot Point S2:  111.06
       Daily Pivot Point S3:  110.75
       Daily Pivot Point R1:  111.79
       Daily Pivot Point R2:  112.11
       Daily Pivot Point R3:  112.32