USD/JPY gets comfortable above 110 and for good reasons

USD/JPY has surpassed the 110.00 level as the greenback’s strength outweighed safe-haven flows. What levels should we watch out for? The Technical Confluences Indicator shows that USD/JPY has massive support around 109.80 where a dense cluster of levels awaits it. That includes the Fibonacci 161.8% one-month, the Bollinger Band 4h-Middle, the Simple Moving Average 200-1h, the Fibonacci 38.2% one-week, […]

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