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USD/JPY Gravitates Towards 123.00

Discussion in 'Technical Analysis' started by Kaitlin, Dec 2, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Weak US fundamentals and a stronger Yen pushed the USD/JPY back under 123.00 yesterday. The immediate support cluster, however, managed to hold the losses, while the pair appears to be consolidating between 122.70 and 123.30 this week. Technical indicators keep showing a rally is due, with the exchange rate returning[​IMG]

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