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Is USDJPY making a top or just taking a breath before the next push?

Discussion in 'Technical Analysis' started by ForexLive, Feb 1, 2016.

  1. ForexLive

    ForexLive Forum Member

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    121.55/60 marking the top of the BOJ rally Looks like I missed a good day Friday. The BOJ surprised with their move and sent USDJPY into orbit. After the initial move resistance has come in around an old level of 121.55/60. Further to that the 200 dma has been keeping things in check at 121.44.

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