Update on Currencies: Dec 31, 2018

USDJPY recently failed, again, to break out past overhead resistance, dropped to our 110.75 target [see: Unscripted] where it momentarily bounced for a couple of days before dropping through its SMA200.  Any time the USDJPY drops through its SMA200, it’s significant.  With EURUSD also threatening to break out, this is a good time to look at both of them and the likely effect on DXY.

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