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Bearish: USD/JPY is currently at 136.92 in a trend, and a 5th wave start. If we can break the support here, we are looking for a continuation to the ATR target at 135.25 with a further target the 0.786 Fibo at the 134.54 area.
We have convergence on the hourly. The target up is 139.00 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 188 pips per day, and its 180-day average is 183 pips per day. USDX is currently down.
Yesterday was a strong bull close for the bulls. However, it is climactic and likely to lead to exhaustion and sideways trading than much more up. The market reached 1.1000, a big...
Bearish: USD/JPY is currently at 128.21 in a range and a breakout of the Triangle. We are looking for a continuation to the 1.000 Fibo at 127.44 area with a further target of the...
The failure of the Federal Reserve to push harder against the market's dovish views and the easing of financial conditions encouraged a risk-on trade that saw the dollar and yields...
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