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Forex technical analysis: USDJPY traders fighting it out

Discussion in 'Technical Analysis' started by ForexLive, Jul 21, 2016.

  1. ForexLive

    ForexLive Forum Member

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    What are the charts saying.... I have outlined the 106.23-43 as a topside area to get above. With the high from Tuesday that extended to 106.52 that might be extended a bit. Anyway, the 106.23-43 was an area going back in time where there were a number of swing highs and lows (see blue circles in the chart below). We currently trade in that range and have traded above and below it in trading today.

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