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USD/JPY is Topping but Has a Chance to Show Strength (3/9)

posted by Avatar FXTimes 801 days ago in USD, JPY, Technical

There was not enough strength in the USD/JPY to push above 83.00. The market is shoping some topping action after a bearish divergence. This is being resolved, and the RSI is now below 50. For the bullish scenario to remain, and a chance for the USD/JPY to show strength, the market should keep the RSI above 40…
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