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USD/JPY Eyes 100.80/70

Discussion in 'Technical Analysis' started by Kaitlin, Sep 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USD/JPY consolidates under the monthly PP and 55-day SMA, implying that the bears will soon resume their push lower, while the upside should be limited by a wide but dense supply zone between 102.65 and 102.16. The current target is 100.80/70, but additional Dollar weakness is seen as unlikely, considering[​IMG]

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