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USD/JPY: Channel's Upper Border At Risk

Discussion in 'Technical Analysis' started by Kaitlin, Mar 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Even though the USD/JPY currency pair closed trade at the descending channel's resistance line, upside risks are now higher. A failure to reacquire the bearish momentum today is to lead to the breakout of the channel, with the closest resistance located at 113.85, represented by the weekly R1. In case[​IMG]

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