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Forex technical analysis: USDJPY back to unchanged on the day

Discussion in 'Technical Analysis' started by ForexLive, Mar 29, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Support trend line eyed at 113.32 The USDJPY is trading back near unchanged on the trading day at 113.42. The high price - reached in the London morning session - ran into the high from March 16 at the 113.81 level and backed right off (the high reached 113.796 - close enough). The low for the day also stalled at a "meaningful" technical level. It stalled at a lower trend line on the hourly chart. That trend line currently comes in at 113.33.

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