USDJPY appears to be having trouble sustaining its gains past the 110.00 major psychological resistance, as a double top pattern has formed on its 4-hour time frame.
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The US dollar gave back some of its latest wins, as traders took profits off their long dollar positions yesterday.
EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs.
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The US dollar had a strong rally on Friday, as the September NFP report churned out stronger than expected results.
GBPUSD has been in a steady downtrend in the past weeks, more so last Friday when the US released a strong NFP reading.
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The US dollar continued to advance against its forex counterparts, especially to the euro and the yen.
EURJPY appears to have found support at the 200 simple moving average, which is close to the 61.8% Fibonacci retracement level on the 4-hour time frame.
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The US dollar seemed to have trouble extending its gains in the latter trading sessions, as traders started to book profits off their long positions at the end of this month and quarter.
USDJPY seems to be having trouble sustaining its gains past the 109.50 minor psychological level, opening the case up for a quick retracement.
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The US dollar continued to advance against most of its major counterparts, as data from the US economy came in line with expectations.