Sunday , January 21 2018
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Tag Archives: #usdjpy

FxWirePro: ‘morning star’ pattern formed on USD/JPY daily charts, scope for upside, focus on Federal Open Market Committee meeting

  USD/JPY is trading range bound ahead of the FOMC meeting later today in the US session. We see a ‘Morning Star’ candlestick pattern formed on the daily charts which raises scope for upside. The major is hovering around 200-DMA at 111.93, bias remains neutral to slightly bullish. Stochs are …

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FxWirePro: USD/JPY recovery capped below 5-dma at 113.60, bias lower, good to short rallies

  USD/JPY pares gains as upside remained capped below 5-DMA at 113.61. The major tracked US-Japan 10-year yield spread lower and brushed aside hawkish Yellen’s comments. Technical indicators on daily charts have turned bearish, RSI and Stochs have rolled over from overbought levels and MACD is on verge of bearish …

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