USDJPY dip holds above the 100 hour MA ...Middle East

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Yesterday a new high going back to July 17 was reached. The price also moved into a swing area on the daily chart between 157.66 and 158.86. The area is wide but it is home to a number of swing level. If the buyers are to take even more control and potenially make a run to the high for the year at 161.94, getting and staying above that level is required.

This article was written by Greg Michalowski at www.forexlive.com.

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