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Scandex Market Update – May 6

Scandinavian Capital Markets

USDJPY is nearing the center line of the channel from the 4/6 high. When a market is nearing the center line, I’m always on the lookout for acceleration in the trend…in this case that’s lower. Focus remains towards the lower channel and 61.8% retrace of the rally from the March low at 105.19.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/05/06/market-update-may-6/
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