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USD/JPY Arrives At Support Trend Line And 61.8% Fib level

Discussion in 'Technical Analysis' started by Kaitlin, Aug 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD was not able to break below the various support levels (green) and instead started a bullish bounce. The break of resistances (dotted lines) has started a strong rally but the wave outlook bearish as long as price stays below the 100% Fibonacci level of wave 2 vs 1,[​IMG]

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