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USD/JPY Golden CrossUSD/JPY Golden Cross
DannyBly said: "Although momentum has slowed down on the daily chart, the 50 and 200 SMA's appear poised to cross over with further movement to the upside (golden cross). We have resistance to the upside at 108.58 and support rising underneath with the up trendline that forms the bottom of the channel as shown on the chart. Looking for bullish follow through if the recent resistance at 108.58 can be violated and the 50 and 200 SMA's cross."
AlfredSokol said: "How do you know there's resistance at that figure?"
DannyBly said: "I can't post the chart till I've made 15 posts"