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USD/JPY bulls left disappointed

Discussion in 'Technical Analysis' started by ForexLive, May 23, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Fed-inspired gains virtually gone It seemed as though everything was lining up for USD/JPY longs. The pair was in a nice uptrend and broke the 61.8% retracement of the post-BOJ drop. The rally was driven by a hawkish Fed and little resistance stood in the way of 111.88.

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