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USD/JPY Fails To Reach 112 Yen

Discussion in 'Technical Analysis' started by Kaitlin, Jun 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USD/JPY turned around before reaching the upper bound of the channel, and the currency pair is now testing the up-trend and 55-day SMA at 110 yen. The base scenario is that this support holds and triggers a rally towards 112 yen, where the rate should meet the April high, weekly[​IMG]

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