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Forex technical analysis: USDJPY (JPY pairs) tumbling lower

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

  1. ForexLive

    ForexLive Forum Member

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    New lows for the week The USDJPY has just moved to new week lows taking out the Wednesday low at the 100.96 level. The S&P futures turned negative after the week retail sales and PPI data US (down -2 points currently). On the move lower, the pair has moved below the "old trend line" that traders used to lean against in trading just yesterday. That line comes in at 101.23 currently. Keep an eye out for selling against the level.

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