Sharp rise? Dollar-Yen information
Did the dollar hit the ceiling? It might have. It broke through 530, but there is a high chance it will retrace.
In other words, a decline.
The reason... is a technical analysis method called the Over-Extrapolation method.
With this technique, this line indicates that above this line it's okay to be short (S), and below this line it's okay to be long (L).
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