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USD/JPY Gravitates Towards 106.00

Discussion in 'Technical Analysis' started by Kaitlin, Jul 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Although the USD/JPY pair managed to inch higher on Friday, it was unable to climb over the immediate resistance area, where supply remains strong even today. The Buck is in a tight spot between the 106.00 major level and the cluster at 106.50, awaiting for a catalyst to trigger movement.[​IMG]

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