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Forex technical analysis: USDJPY makes new session highs

Discussion in 'Technical Analysis' started by ForexLive, Dec 18, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Stuck back in the middle of the consolidation area The USDJPY is trading at new session highs - continuing the move way from the 100 and 200 bar MA on the 4-hour chart below. The pair is also moving toward the middle of the range that gripped the pair from Nov 6 to Dec 9. We moved back into the range yesterday and we are seeing the follow through today.

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