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USD/JPY En Route To 112.00

Discussion in 'Technical Analysis' started by Kaitlin, Mar 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Fed Yellen's statement yesterday caused the USD/JPY currency pair to fall back under the 113.00 level, therefore, preserving the descending channel pattern. As was anticipated, the dips were limited by the weekly PP, but with the Buck now under pressure, this pivot point is expected to be pierced. Consequently, the[​IMG]

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