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USD/JPY In A Holding Pattern Ahead Of Non-Farm Payrolls

Discussion in 'Technical Analysis' started by Kaitlin, Mar 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    During the course of the past three weeks, USD/JPY has plunged to establish a 15-month low around 111.00 support, re-tested that support level to form a potential double-bottom technical pattern, and then fluctuated in a consolidation above those lows. Currently, the currency pair has struggled to climb towards the top[​IMG]

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