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GBPUSD & USDJPY Break Trend Lines and Expand Corrections

Discussion in 'Technical Analysis' started by Kaitlin, Dec 28, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    USD/JPY 4 hour The USD/JPY remains in a consolidation territory as long as price stays in between support and resistance (red/blue). In the meantime price is breaking below a support trend line (dotted green) which seems to be occurring due to an ABC zigzag (blue). 1 hour The USD/JPY is in a downtrend channel[​IMG]

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