Forex technical analysis: USDJPY trends lower but can't crack 2017 low

Discussion in 'Technical Analysis' started by ForexLive, Feb 13, 2018.

  1. ForexLive

    ForexLive Forum Member

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    Low got within 10 pips of the 2017 low The USDJPY has been trending lower today and in the process moved within around 10 pips of the 2017 low at 107.31 (the low reached 107.416). Buyers could not resist and stalled the fall with risk defined and limited against the key swing low level.

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    Still, I wouldn't be surprised if it drops below 107.00 eventually.
     

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