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Forex technical analysis: USDJPY (Yen crosses) hit the skids

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

  1. ForexLive

    ForexLive Forum Member

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    Looks to test the 100 hour MA The USDJPY failed on the break above the 61.8% of the move down from the pre-BOJ meeting high (on April 28th -see chart below). The move lower has sent the pair below the close from yesterday at 109.01 (we are now down on the day in the pair).

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