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USD/JPY Attempts To Surge Further Up

Discussion in 'Technical Analysis' started by Kaitlin, Jul 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    In the wake of a weaker Yen the USD/JPY currency pair surged more than 200 pips yesterday, providing a solid confirmation of a six-month trend-line. The US Dollar is now likely to continue outperforming the Japanese currency, retaining Monday's momentum. The 20-day SMA is the closest resistance, but the exchange[​IMG]

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