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USD/JPY Bearish Break Faces Struggle At Support

Discussion in 'Technical Analysis' started by Kaitlin, Dec 15, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD has approached strong resistance levels such as the trend line (red) and the Fibonacci (61.8%). A bearish bounce could indicate the completion of wave C (brown). A bullish break could price move towards the 78.6% and 100% targets.[​IMG]

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