RT Swing Trader Blog | News
14Oct/090

Japanese yen

December Japanese yen –As the US dollar continues to lose favor, the Yen continues to gain favor. The recent three-day correction found support at the 20-day SMA and quickly rebounded to closed near the high of the daily range. The separation from the low to the close is a positive indicator that the Yen has ended the corrective sell-off and is poised for a test of the recent high of 1.1386 from October 10.    Buy the Japanese yen at 1.1195 stop, with the stop loss at 1.1085.

December Japanese yen

December Japanese yen

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