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USD/JPY Attempts To Erase Wednesday's Losses

Discussion in 'Technical Analysis' started by Kaitlin, Mar 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Strong US fundamental data failed to provide sufficient impetus to breach the 114.00 psychological level, which resulted in the USD/JPY's 50-pip loss yesterday. However, risk-on sentiment appears to be prevailing today, creating a possibility for the pair to negate Wednesday's losses and even establish a new 13-day high. The closest[​IMG]

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