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22.10.2019 05:59 AM
Forecast for USD/JPY on October 22, 2019

USD/JPY

Yesterday, the dollar against the yen once again showed approximate stability in the market. External support for the pair still came from the stock market (S&P 500 0.69%), which, in turn, grew due to optimism regarding trade negotiations between the US and China.

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The risk of further development of a reversal divergence remains on the daily chart. Only a price move above the resistance of the red price channel 108.90 can remove this risk.

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Laurie Bailey,
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