The pair just broke the 134.97 pivot point, trading now at 132.25 yens per pound. The price is breaking the upper band of Bollinger, indicating a possible correction to the middle band, while the 14 days RSI could seek 70 points. The Parabolic SAR shows buying signs, while the Stochastic is getting closer to overbought levels. On the four hours chart, the price is consolidating with the 23.60% fibo, while the kumo covers the spot and shows buying signs.Above, the resistance to watch is 135.65 yens per pound.
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