USD/JPY path of least is resistance is down

The Turkish crisis is spreading and causing a risk-off sentiment all over the world. The Japanese yen enjoys the safe-haven flows and rises, sending the USD/JPY tumbling down. What’s next? The Technical Confluences Indicator shows that the first step to recovery is overcoming 110.40, which is the convergence of the Bolinger Band one-day Lower, the Pivot Point one-month Support […]

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