USDJPY Awaits Nearby Barrier To Let The Bulls Out

<p>USDJPY restored positive momentum on Monday and pierced the 109.00 level on the upside after stepping on the 200-period simple moving average (SMA) on the four-hour chart. While some stabilization cannot be ruled out since the 23.6% Fibonacci of the 101.17-111.70 upleg is in the neighborhood and the fast Stochastics are fluctuating in the overbought […]</p>
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