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Tuesday, November 5, 2019

USDJPY moves closer to the 200 day MA/109.00 level

Last week, the price spiked above the MA on FOMC day, but quickly retreated The USDJPY is higher for the thrid day in a row (bottomed on Friday).  The move higher today consolidated at the start, above and below the 200 hour MA (green line at 108.602) and the 50% retracment at 106.58. That combination does

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