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Since Friday, the yellow metal has traded almost sideways in limbo around the hourly simple moving averages, which all met at the middle of Friday.
The USD/JPY bounced off the resistance of the 108.90 level, on Tuesday morning. At that level the rate met with a monthly pivot point, which managed to force the rate down.
On Tuesday morning, the decline of the GBP/USD had reached below the last weekly pivot point. Namely, the rate had no technical support as low as the historical low level of 2017 at 1.1978.
On Tuesday morning, the EUR/USD was finding support in the 55 and 100-hour simple moving averages near 1.1135. Meanwhile, the rate was facing the resistance of the weekly pivot point at 1.1153.
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