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USD/JPY Price Forecast: Bullish pin bar faces 200-day SMA wall

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The USD/JPY edges lower but trims some of its earlier losses, down 0.20% in the aftermath of the US midterm election results. However, the pair seems to form a tilted bullish ‘pin bar ’, yet it remains consolidated within the 50- and 200-day SMAs, each at 157.39 and 158.62.

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Source: FreeNewsAPIRead at FXStreet

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