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Forex technical analysis: USDJPY corrects off days highs

Discussion in 'Technical Analysis' started by ForexLive, Mar 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Patient buyers near 113.50 The USDJPY moved higher in the Asia Pacific session after bottoming near the 100 hour MA late in the NY session (see step blue line in the chart below. The rise stepped higher but kinda stalled randomly near 114.25. The wander back down has the price trading near the midpoint of the move up from the low yesterday at the 113.74 level.

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