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Forex technical analysis: USDJPY comes back off after Fischer muddies water

Discussion in 'Technical Analysis' started by ForexLive, May 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Just did not say enough about June... ...so the dollar retreats. The USDJPY broke higher yesterday after moving above trend line resistance at the 109.72 area. THe price extending up to 110.378 at the peak today. The price retreated to the old trend line break level and held as NY traders entered for the day.

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