USD/JPY Attempts To Retake 109.00

Discussion in 'Technical Analysis' started by Kaitlin, May 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar failed to outperform the Yen on Friday, as the safe-haven status of the Japanese currency caused the pair to bounce back from the falling wedge's resistance line and close with a 40-pip slump. The 20-day SMA represented immediate resistance today, but is unlikely to prevent the USD/JPY[​IMG]

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