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USD/JPY – 100-DMA still sloping downwards

OANDA:USDJPY   USD/JPY
Despite pair’s rise to 104.00 levels caution is advisable since the 100-DMA seen today at 103.95 is still sloping downwards; hence potential for sideways action exists, although on a larger scheme of things bullish invalidation seen only below 102.78 (Sep 21 high).
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