Saturday, January 25, 2020
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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 – USD/JPY 200-day SMA just about holds bulls at bay

USD/JPY’s further gains seem to be restricted by the 200-day simple moving average (SMA) and the upper Bollinger band around the 109.00 resistance level. Yet, the upward sloping mid-Bollinger band and 40-day SMA back an improving picture. Despite this, the 200- and 100-day SMAs have moved horizontal, implying that a sideways move

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