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Currencies are Rubber Bands - That is Why Bollinger Bands Work

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Euro / Japanese Yen (FX:EURJPY)  
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FX:EURJPY   Euro / Japanese Yen
Trend Analysis technical
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trendanalysis technical
In the heat of the moment, when big news such as the optimism of over the US debt ceiling and US rate hike causes big bullish move in the USD, we tend to extrapolate that currencies will go in one direction. However, the truth is that currencies are like rubber bands. When it hits either bands, we should expect the currency to rebound back
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