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The YEN (FXY) Has Broken Out to the Upside

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Patience certainly has been a virtue in CurrencyShares Japanese Yen ETF (FXY), but alas, the last few sessions of straight-up price action appears to be the upside breakout from an 18-month bottom formation that has unleashed significant upside potential for the YEN, that projects to 85 and then possibly to 88. Let's notice that the 50-Day EMA has crossed above the 200-Day EMA-- for the first time since Oct 2012! If FXY (YEN vs. USD) climbs to its potential, then it will represent investor

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