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USD/JPY ranges within daily cloud (144.43/145.59) also between daily Tenkan and Kijun-sen lines, with Kijun-sen (145.38) capping the action today. Near term technical structure is slightly bullishly aligned, with growing positive momentum and repeated close above Tenkan-sen supporting the notion. On the other hand, overbought stochastic might be limiting factor that partially offsets positive signals. […]

The post USD/JPY: Near Term Action Looks for Direction Signals on Break of Either Daily Cloud Boundary appeared first on Action Forex.

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