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USD/JPY Attempts To Preserve The Trend-Line

Discussion in 'Technical Analysis' started by Kaitlin, Jul 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    As was anticipated, the risk-off sentiment drove the USD/JPY currency pair lower on Tuesday, putting the eight-month support line to the test. The Greenback now risks breaking this trend-line if more weakness persists, despite the support line being reinforced by the weekly S1. Another tough support cluster is located around[​IMG]

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