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Forex technical analysis: USDJPY falls to (well through) support

Discussion in 'Technical Analysis' started by ForexLive, Jan 15, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Yesterday's attempt higher was not so impressive The USDJPY price took out the 200 hour moving average for the 1st time since December 18. it took out the 38.2% retracement of the move down from the December 30 high. It took out the previous day high and that break was worth a 10 pip rally. The buyers gave up.

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