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USDJPY crack above 100 and 200 hour MA. New day highs.


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Sideways NY market, seeing a little more buying

The USDJPY has just moved above the 100 and 200 hour MAs (blue and green lines) and in the process, moved to a new day high. The MAs come in at 111.156 and 111.179.  The 61.8% of the ranged last week, is the next target at 111.225. Above that and the underside of a broken trend line comes in at 111.35 (and moving higher). 

The range for the day is still a narrow 36 pips. The average over the last 22 days (month of trading) is 65 pips. 
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