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USD/JPY: Downside Risks Keep Rising

Discussion in 'Technical Analysis' started by Kaitlin, Jul 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    In spite of the USD/JPY nearly reaching the 100.00 level again yesterday, the pair managed to preserve the broadening falling wedge's support line. Technically, we should see the Greenback recover today, as there is no room for another decline without breaching the trend-line. However, technical studies are no longer giving[​IMG]

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