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USD/JPY Attacking Channel Resistance with a Shift In Mmt

posted by Avatar FXTimes 395 days ago in USD, JPY, Technical made popular 395 days ago

The 4H USD/JPY chart shows a market that is trading up at a declining channel resistance. The channel represents a bearish correction from 84.16 to 80.27. Note that the RSI has broken above 60 and is about to kiss 70. This shows a shift from the bearish momentum to at least sideways if not bullish momentum. For the current breakout attempt...
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