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USD/JPY Heads Towards 100 At Full Speed

Discussion in 'Technical Analysis' started by Kaitlin, Aug 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USD/JPY is currently in the process of forming a new bearish wave. The pair is presently trading right in the middle of the descending channel that was initiated at the turn of 2015 and 2016. The pattern implies an extension of the current sell-off towards 98-97 yen. However, there is[​IMG]

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