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Forex technical analysis: USDJPY moves toward October highs. Can we break?

Discussion in 'Technical Analysis' started by ForexLive, Nov 5, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Moves away from 200 day MA (?) The USDJPY is slowing showing bullish tendencies - although there is a bit of caution in the bullish walk higher. Yesterday, before moving higher, the pair dipped below the 100 and 200 hour MAs. Today the price dipped below the broken 200 day MA before moving higher. Even so, the moves higher today, have not been without corrections lower. Hence the caution in the bullishness.

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