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USDJPY stumbles around 4½-year highs as bullish forces wane
USDJPY has been ramping up after the price encountered strong support at the 112.71 region in early November. However, the pair has been giving up ground since its recent rally halted at the 4½-year high of 114.96. This recent pullback is likely to continue as the short-term oscillators indicate that the positive momentum is fading. The MACD histogram is above zero but below its red signal line, while the RSI is flatlining in the 50-neutral mark. Should the selling pressure intensify, the 113.66 level might act as immediate support. A drop below this level would open the way towards the 113.45 region. If sellers ... (full story)
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- Nov 18, 2021 5:54am Nov 18, 2021 5:54am
- pristinepro
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- pristinepro
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