| Can the sellers keep the momentum going to the downside? |
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The price of the USDCHF needs to get above the 100/200 hour MAs to increase the bullish bias. Absent that, and the sellers are still in control.
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USDJPY trades in a narrow range today. What next?
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The USDJPY found willing sellers near the high from yesterday (and highest level since 1987). The low reached down to test the high from last Friday and found support buyers. Those levels will be the key barometers for buyers and sellers in trading in the new day on July 3
USDCHF higher on the day but battling between technical levels
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An old floor is support (with 200 bar MA on the 4-hour chart) at 0.8997. The 50% of the move down from the May 1 high at 0.9025 is resistance. Battle is on between the levels.
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