Monday, August 19, 2019
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Technical Analysis – USD/JPY slips below 108

USD/JPY slips below 108; lacks clear direction in the short term. USD/JPY extended yesterday’s sell-off below the 108.00 psychological level today and the mid-level of the Bollinger Band (20-day simple moving average) as well as the 23.6% Fibonacci retracement level of the downfall from 112.40 to 106.77. The pullback on the seven-week high of 109.00 shifted the marginally

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