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This morning, the yen reached the 149.38 level, which coincides with the 23.6% Fibonacci retracement. This level is significant as it suggests a potential reversal into a new wave of decline.
However, the Marlin oscillator has settled in positive territory, indicating a pull toward the next retracement level of 38.2% at 151.30. The probability of growth is estimated at 60%.
On the four-hour timeframe, the current candle opened above the 149.38 level, with the oscillator rising in the positive zone. The oscillator's potential to reach the overbought area approximately corresponds with the price level of 151.30. It appears that the price may be heading in that direction.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
On the hourly chart, the GBP/USD pair continued to rise on Thursday, consolidating above the resistance zone of 1.3357–1.3371 and the level of 1.3425. Thus, on Friday, the upward movement
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If gold sharply breaks the uptrend channel and consolidates below the 21 SMA, this could be seen as an opportunity to sell, with targets at 3,343, 3,320, and finally
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