USD/JPY, daily MA100, 61.8 and strong resistance on test!

mario urlic usd-jpy 04.11.

After Yellen speach, the US dollar bulls are flying high today. This is highest level from August 31. with 121.72 for now. This level is strong previous resistance in the last two months, 61.8 fibo return is on test, daily MA100 at 121.79 as well. If the bulls manage this level, this could become a new stong support and the pair could try higher levels in November. Looks preaty bullish for now, this is third week in a row that this level is on test, it could fall. On the way back, daily MA200 is first on the support side, 120.00/20 is next.

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