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Forex technical analysis: USDJPY corrects to the midpoint of the recent range

Discussion in 'Technical Analysis' started by ForexLive, May 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Morgan Stanley did say the pair would run out of steam at retracement level Yesterday, Mike posted a trade recommendation from Morgan Stanley. They said the USDJPY's The retracement level they speak of is the move down from the pre-BOJ decision from April 28th (see chart below).

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