Forex technical analysis: USDJPY snaps back after failing below new 16+ month low

Discussion in 'Technical Analysis' started by ForexLive, Mar 17, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Tests 61.8% retracement level The USDJPY continued the sharp fall today and pushed below the lows from February at 110.96 and 111.03. The break to new year and 16+ month lows triggered selling down to the 110.66 level. The 61.8% retracement of the move up from the July 2014 low was not far away at 110.531.

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