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J.P.Morgan Recommend Long USD/JPY

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DOLLAR-CANADA: TECHS: In a Holding Pattern
After breaking above key resistance levels on soft Canadian data late last week,
USDCAD remains in a holding patterns ahead of today's Bank of Canada rate
decision. Yesterday's failure to break above 1.3122 keeps the down trend channel
intact for now, but bigger picture shows bullish momentum resuming and a close
above Friday's high of 1.3132 would trigger a bull flag formation, shifting the
outlook firmly positive. Bears need to break the 50-dma/61.8% retracement at
1.3016/13 to regain control, bringing the 200-dma at 1.2908 into focus. Below
here opens the 50% fibo of 2018 range at 1.2819, ahead of the Oct 1 low at

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