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KQMarkets

USDJPY - Still Long Despite Pullback

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
KQMarkets  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Beyond Technical Analysis USDJPY LONG
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supportandresistance fibonacci beyondta usdjpy long
We still see USDJPY moving higher despite the currency pair failing to consolidate above key resistance at 112. We are encouraged that USDJPY has maintained strong upward momentum as the coronavirus spreads despite the Yen being viewed as a safe haven.
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