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USD/JPY bulls in control although sub Fib 38.2% resistance

FXStreet (Guatemala) - USD/JPY is currently trading at 119.65 with a high of 119.83 and a low of 119.14.

USD/JPY has remained better bid having broken the 119.20 previously, a bullish signal when closing above there recently and now the major will be looking for closes above the key 119.80 mark, through the Fib 38.2% at 119.74, if the bulls are to continue their triumphs for any sustained period of time, while otherwise the unit offers good two way business within the familiar ranges.

USD/JPY bulls could be looking for a close above the 120.84 high that was noted by Karen Jones, chief analyst at Commerzbank when it charted on the 13th April and she said this would be needed to trigger a move to the December and March highs at 121.86/122.04 are to be retested.

USD/MXN flat for the day, consolidates around 1-month highs

USD/MXN is trading unchanged for the day, but consolidating yesterday’s gains and holding at the strongests level in a month.
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USD/CAD briefly rises above 1.2300

USD/CAD pushed a tad higher and printed fresh weekly highs above 1.2300 during the American session, with oil prices fall weighing on the loonie.
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