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USD/JPY Above 100 But Below 103 Yen

Discussion in 'Technical Analysis' started by Kaitlin, Sep 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The latest attempt of USD/JPY to recover was denied by 102.70, where the weekly pivot point merges with the 55-day SMA, and we are again below the monthly PP. Accordingly, the price is likely to keep falling until it encounters 100.80/80. There the US Dollar will meet a strong demand[​IMG]

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