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USDJPY regained traction and bounced from 152.14 (low of two-day pullback from new multi-week tops), offsetting negative signal from bull-trap on weekly chart (failure to register weekly close above 153.40 (Fibo 61.8% of 161.95/139.57). Fresh strength signals that the dollar is likely to continue benefiting from renewed Fed hawkishness on expectations that Trump’s administration will […]

The post USD/JPY Outlook: Bulls Regain Control After Correction appeared first on Action Forex.

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06/11/2024

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