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USD/JPY Golden Cross

posted by Avatar DannyBly 1431 days ago in JPY, Technical, Daily

Although momentum has slowed down on the daily chart, the 50 and 200 SMA's appear poised to cross over with further movement to the upside (golden cross). We have resistance to the upside at 108.58 and support rising underneath with the up trendline that forms the bottom of the channel as shown on the chart.
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