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Daily Archives: July 13, 2017

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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