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USD/JPY Continues To Edge Higher

Discussion in 'Technical Analysis' started by Kaitlin, Apr 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    In spite of the poor US inflation data yesterday, the USD/JPY currency pair remained relatively unchanged. The weekly PP and the monthly S2 keep providing immediate support for the pair around 109.90, while the nearest resistance is still represented by the monthly S1, the weekly R1 and the 20-day SMA[​IMG]

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