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USDJPY moves to new session highs

September 7, 2018 by admin 0 Comments

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Cluster of resistance ahead

The USDJPY is moving to new session highs and in the process are moving toward the 100 and 200 hour MA and 61.8% of the range this week. A broken trend line is also up ahead. That area comes in at 111.19-23. Sellers (longs/traders looking for a correction) should lean against the cluster of levels, with stops on a break.

The current price is at 111.12.