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Technical analysis

11.01.202310:23 Forex Analysis & Reviews: USD/JPY analysis for January 12 2023 - Test and reject of the key resistance zone

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Technical analysis:

Exchange Rates 11.01.2023 analysis

USD/CHF has been trading downside this morning and I think there is potential for the downside movement towards lower references.

Trading recommendation:

Due to the test and reject of resistance zone, I see potential for the downside movement towards lower references.

Watch for the potential selling opportunities on the rallies with the downside objectives at 0.9165 and 0.9100.

MACD oscillator is showing fresh downside momentum, which is sign that sellers are in control.

Key resistance is set at the price of 0.9250

Petar Jacimovic
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