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Yen Basket

FXCM's JPYBasket Testing EMA on Weekly

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The FXCM JPYBASKET has been consolidating since march on the weekly timeframe (blue rectangle). Two weeks ago, the basket made a concerted effort to break above its black 30-week EMA. However, this has not been convincing and price fell back to the EMA last week. We are looking to see if it is able to maintain its bullish momentum. If the basket is able to stay above the black EMA and the EMA turns up, it will be regarded as a bullish development for the basket.
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Chart PatternsForexforexsignalsjpyJPYBASKETTrend AnalysisUSDJPY

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Chart PatternsForexforexsignalsjpyJPYBASKETTrend AnalysisUSDJPY
FXCM
Broker
Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.