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USD/JPY double top?
The currency pair dropped in the last two trading session even if the Nikkei stock index has increased further. USD/JPY is trading in the red only because the USDX has plunged after the impressive upside movement. USDX is trading right above the 92.50 psychological level as the rate has managed to squeeze a little. Unfortunately, the dollar index failed to stabilize above a major dynamic resistance and now could drop in the seller’s territory again. It remains to see what will happen on the USDX because the current retreat could be only temporary and it could increase again soon and could make a valid breakout ... (full story)
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- rashidcm2004
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