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USD/JPY in limbo at 114.00 ahead of ADP data

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD consolidates below 1.09, eyes weekly S1 “We’re going to continue to see (stimulus) policies coming out of the ECB and the BoJ.” - Macquarie Limited (based on Reuters) Pair’s Outlook EUR/USD has ultimately confirmed its bearish intentions, as it managed to hold below the Jan-Feb uptrend for two days in a row. The first support today is offered by the weekly S1 at 1.0852, but any encouraging US ADP numbers later in the day may provoke a sell-off down to 1.0809, namely

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