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USD/JPY In Limbo Ahead Of ADP Data

Discussion in 'Technical Analysis' started by Kaitlin, Oct 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Some hawkish comments from the Fed caused the Greenback to add more than 120 pips against the Yen yesterday, nearly managing to retake the 103.00 mark. Even though technical indicators are no longer giving bearish signals, a possibility of bears taking over still exists. Nonetheless, a tough support cluster around[​IMG]

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