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Forex technical analysis: USDJPY approaches key upside

Discussion in 'Technical Analysis' started by ForexLive, Aug 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    200 hour MA and trend line approached The USDJPY is being supported today by a better tone in the stock markets (or so it seems) and let's face it, better US employment data from last week. The German Dax is up 0.59%. That index tested the high for the year at 10485 level. That ceiling has been tested 3 other times this year and failed. On Friday the S&P and Nasdaq closed at all time high level.

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