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USD/JPY in Bullish Break from Consolidation Range
Consolidation, break: The USD/JPY has been consolidating roughly between 98.50 and 97.57. Even after the US GDP data and then FOMC policy decision, the USD/JPY remained in range. In the 8/1 European session, it finally pushed above the consolidation resistance, signaling a more bullish consolidation if not a reversal in development. Central pivot test: If the market comes back into the consolidation range, it would show bears still in charge. However, if the throwback can stay above 98.00, there is still a chance the market is respecting the broken range as a bottom for some short-term bullish outlook. Otherwise, the ... (full story)
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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