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USD/JPY Is Near Term Bearish

Discussion in 'Technical Analysis' started by Kaitlin, Oct 28, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Neither the 55-day nor the 200-day moving average was able to prevent an extension of the decline, meaning the US Dollar is likely to weaken even more in the next few days. The floor is now seen around the mark of 120 yen, where the monthly PP joins forces with[​IMG]

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