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USDJPY advances stumble at near 4-year highs
USDJPY’s one-month rally off 109.19 may be running out of steam in the vicinity of the resistance band of 114.54-114.73, formed between the October 2018 and November 2017 rally peaks. Nonetheless, the climbing simple moving averages (SMAs) are endorsing the bullish picture. The Ichimoku lines are indicating that positive momentum is growing, while the short-term oscillators are still leaning towards the upside. The MACD, deep in the positive region, is persisting above its red trigger line, while the RSI, which is in overbought territory, is demonstrating a tendency to push higher. Currently, the stochastic lines ... (full story)