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Forex technical analysis: USDJPY breaks above September high

Discussion in 'Technical Analysis' started by ForexLive, Oct 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Buyers pushing The US stock market is stable. Bond yields are a bit higher. The USDJPY is taking that as a clue to go higher. The pair is trading above the September high at 104.31 (highest level since July 29th) and in the process is moving away from the 100 day MA. Buyers are pressing the upside. There should be further upside momentum

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