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| USDJPY break above the trendline a.k.a Andrew's Pitchfork |
Right!
The gotobi demand and strong USD global sentiment has taken USDJPY as high as 100.86 lately. Slowing down a bit, after market participants squaring their position before the Japan election.
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| The new USDJPY Andrew's Pitchfork on 4H Timeframe |
With the USDJPY already broken the upper median line, now it is time to create a new andrew's pitchfork accordingly.
You can see, that the USD supported by the SMA 89 (at around 100.00, which is a round figure as well) we can be pretty sure that there is still plenty of room for USDJPY bullish sentiment.
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