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USDJPY maintains bullish sentiment within channel
video USDJPY survived a drop below the bullish channel and avoided a close within the Ichimoku cloud a few weeks ago, drifting higher to re-challenge the 109.70 resistance area. The bulls have not claimed the 109.70 number yet, which could be the key for an extension towards the channel’s topline and the crucial zone of 110.65 – 110.95. However, they may step up their efforts in the near-term according to the RSI and the MACD, as the former is holding an upward direction above its 50 neutral level and the latter is pushing to gain ground above its signal and zero lines. On a negative note, the recent bearish ... (full story)
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