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USD/JPY Anchored Around 104.00

Discussion in 'Technical Analysis' started by Kaitlin, Jun 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Risk aversion keeps driving the USD/JPY currency pair, being that the Greenback experienced another decline against the Japanese Yen on Monday. This time the 104.00 level was pierced, suggesting that more bearish momentum could follow. Technical studies in the daily timeframe also retain their bearish signals, implying that the pair[​IMG]

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