Dollar yen 26 January 2021

The pair is currently benefiting from a slow rise in the US dollar index, as the pair is now trading above the 25-day moving average with positive on the RSI in an attempt to return to 104.00, while our outlook remains positive for the pair by continuing trading above 103.325 so we prefer to buy the pair now with repurchase in case of near retreat. The demand area for the month is at 103.325

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