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Forex technical analysis: USDJPY pushing above the ceiling

Discussion in 'Technical Analysis' started by ForexLive, Jul 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    But break is contained... Yesterday at the close the USDJPY was falling below trend line support. The 100 hour MA was coming closer to the price. The Asian Pacific session saw the price move lower initially, but it only sniffed the 100 hour MA (blue line in the chart below), before moving higher.

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