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USD/JPY Closes In On Channel's Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Mar 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar was able to outperform the Japanese Yen on Thursday, with the 20-day SMA limiting the gains. The same level is acting as the closest resistance today, thus, might trigger a sell-off, erasing most of yesterday's gains. The nearest support rests at 112.11, represented by the weekly PP,[​IMG]

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