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Price & Time: Second Half of the Week Looks Key for the Euro
USD/JPY probed above the 1st square root progression of the year’s high at 102.75 to reach its highest level since late May on Monday Our near-term trend bias is positive on the exchange rate while over 100.65 The 161.8% extension of the September/October decline at 103.05 is the next level of resistance ahead of the year’s high A medium-term cycle turn window is seen next week Only a daily close below the 2nd square root progression of the year’s high at 100.65 would undermine the immediate positive tone in the rate AUD/USD fell to its lowest levels since early September on Friday before rebounding from strong ... (full story)