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Mixed session, USD bears continue to push Dollar Index lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    An extremely mixed session through the day, with mixed signals as USD bears (doves) continue to push the index lower, though Thursday’s lows have yet to be tested. The JPY has been the focus of the week however, and we have seen some clear recovery in the cross rates, with GBP/JPY in particular doing well to recover from sub 152.00 levels. This has been on the back of the USD/JPY retracement in USD/JPY, which found a base in NY yesterday at 107.67, recovering just above 109.00 before the latest

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