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Is USD/JPY’s Rally Over?

posted by Avatar lytman02 1155 days ago in USD, JPY, Technical made popular 1154 days ago

After hitting a low of 81.08 last February 4, the USDJPY pair has rallied back to mark a high of 83.97 2 days after Valentine’s day. It appears, however, that US dollar’s push against the Japanese yen is starting to lose some momentum. As you can see from its 4-hour chart above, the pair has formed what looks to be a head and shoulders pattern with
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