USD/JPY faces one last resistance line before it can extend its gains

USD/JPY faces one last resistance line before it can extend its gains

The EUR/USD has erased its recovery and settled at the somewhat lower ground amid growing trade tensions. Where is it heading next? The Technical Confluences Indicator shows that the pair is battling the 1.1722 – 1.1734 area where it is hugged by a congestion of many levels. These include the Simple Moving Average 5-one-day, the Fibonacci 38.2% one-day, the Fibonacci 61.8%, […]

The post USD/JPY faces one last resistance line before it can extend its gains appeared first on Forex Crunch.

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