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The bullish tendency HKD/JPY has been constantly following since the end of the last year's October persists. However, it is noteworthy that the pace of Dollar's appreciation relative to the Japanese Yen has been decreasing lately, which allowed this bullish channel to emerge.
Not so long ago the currency pair respected the support at 13.4354 and is therefore poised for an advancement en route to 13.6940, as suggested by most of the daily and weekly technical studies. Moreover, an overwhelming majority of the SWFX traders are holding long positions on HKD/JPY, namely 72% of them.
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