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Forex technical analysis: USDJPY surges on better US data

Discussion in 'Technical Analysis' started by ForexLive, Oct 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Looks toward a test of the 100 day MA at 103.73 The USDJPY has surged after the better I send nonmanufacturing and factory order data out of the US. Technically, the pair is approaching the 100 day moving average which currently comes in at 103.733. The price of the USDJPY has not been above the 100 day moving average since February 2, 2016 when it broke at the 120.59 level.

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