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USD/JPY Breaks Major Resistance Of Daily Downtrend Channel

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

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/JPY broke above the resistance (red/orange) trend lines which sparked the start of a wave 3 (brown/blue) bullish momentum. Price is now moving towards the Fibonacci targets. Any bullish flag chart patterns or small consolidation zones could see further potential breakouts.[​IMG]

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