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USD/JPY: Downside Risks Persist

Discussion in 'Technical Analysis' started by Kaitlin, Apr 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar managed to outperform the Japanese Yen on Tuesday, but with gains limited by the immediate resistance in face of the monthly S2. According to technical indicators, the USD/JPY currency pair is now likely to prolong its previous one-week decline, with the closest support located around 107.55, represented[​IMG]

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