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USD/JPY registered a breakout from the neckline of the inverted head and shoulder pattern on 4h chart. The prices are already close to achieving the first target of 107.274.
A hold above this level, next target will be at 108.014. On the other hand, 106.497 and 106.115 are the support levels. Either of which can be the stop loss for the trade. So choose depending upon the risk you want to take.
The euro kicked off this busy trading week with modest gains against the US dollar. Despite continued lockdowns in some of the region’s biggest economies, slow vaccine rollout and...
The US dollar softened last week as yields softened, and it continued to pare the gains scored in the second half of March. The dollar's inability to gain after the much stronger...
EUR/USD in 4-day tight trading range in 3-week rally from wedge bottom. Tight trading range late in rally often is Final Bull Flag, so increased risk or reversal down within a...
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