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After lively sessions yesterday, major currency pairs took a breather overnight. Except for, perhaps, USD/JPY which keeps grinding up, in tandem with U.S. treasuries (10's traded 3.13%). The pair is approaching a major resistance, the trendline drawn off of 2015, 2016 and 2017 highs. Broken 110 level and 200 DMA near 110.15 should now act as a firm support.
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The bull retakes control, is the bear waiting in ambush?
Everything appears to be back to normal in financial markets. Stock markets stabilized, VIX is back below 20, U.S. treasuries are being bought again, even the dollar is getting some traction. S&P 500 closed the week just above 61.8% retracement and is approaching the "what selling?" area above 2825. At the moment it looks like a V-correction, but I still think sellers are not done yet and will return near all time highs or earlier.