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A 'Risk Reversal' Could Finally Be Underway

From cityindex.co.uk

The table could be turning for risk, with several JPY crosses looking like they’re finally topping out and due their anticipated corrections. With indices just off record highs and several markets pausing below key resistance (AUD/USD, EUR/JPY and USD/JPY, just to name a few), it suggests traders are hopeful US and China can sign this famous deal, yet doubts linger in the air. And with reports piling up that US and China aren’t likely to sign the famous “phase one” trade deal until December, then risk could be ripe for a correction. And this potential correction was flagged a couple of weeks ago with so many markets ... (full story)

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  • Category: Technical Analysis