USD/JPY: Bear-Trap Underpins Fresh Recovery

<p>The dollar regained traction after four-day fall stalled on attempts to clear key supports at 114.36/31 (55DMA / Fibo 61.8% of 113.47/115.68). Fresh strength signals formation of a bear trap, which underpins recovery, but requires confirmation on today’s bullish close, preferably above 114.80, to form bullish engulfing and add to positive signals. Daily MA’s are […]</p>
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