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USDJPY keeps a bullish bias, but can it break the 200 day MA
As the market trades up and down, traders need to look for technical clues that give bias clues.
For the USDJPY, the pair traded up and down but the lows found support against a prior resistance level. That kept the bullish bias. However, there is also some key technical resistance that is stalling the run higher.
So buyers are winning but they have more work to do.
This video explains that battle going on in the USDJPY. |
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