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Forex technical analysis: USDJPY falls below Friday lows

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

  1. ForexLive

    ForexLive Forum Member

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    Trend line and 100 and 200 bar MA on 4-hour chart tested As Fed's Lockhart speaks and Fed's Brainard due to speak in the US afternoon (1 PM ET/1700 GMT), the USDJPY has fallen below trend line support and below the 100 and 200 bar MAs on the 4-hour chart. The price has also moved below swing levels in the 101.91-95 area.

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