Friday, January 17, 2020
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Technical Analysis – CAD/JPY remains positive

CAD/JPY remains positive despite pressure from sellers. CAD/JPY is fading following attempts to close a session above the 84.34 resistance from April 2019. Despite the overwhelming positive sentiment – reflected in the upward slopes of the Ichimoku lines and the 20-, 50- and 100-day simple moving averages (SMAs) – the technical indicators suggest

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Technical Analysis – USD/JPY 110 level in focus

USD/JPY rallies above long-term resistance trendline; 110 level in focus. USD/JPY finally climbed above the strong resistance trendline that has been capping upside corrections since mid-September 2018 and questions are rising now about whether the market can sustain the break in the coming sessions. The positive slope in the RSI, which runs comfortably above

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Technical Analysis – AUD/JPY set for golden cross in upward sloping channel

AUD/JPY continues to post higher peaks and higher troughs within an upward sloping channel since late August, which keeps the broader outlook positive. Moreover, the 50-day simple moving average (SMA) looks ready to cross above the 200-day one soon, which would be another bullish sign. That said, both seem to be flattening out,

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