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USD/JPY Keeps Approaching 110.00 Mark

Discussion in 'Technical Analysis' started by Kaitlin, May 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Risk aversion drove the USD/JPY lower on Wednesday, with the pair almost completely erasing Tuesday's gains and the monthly PP limiting the losses. The monthly PP at 108.39 is providing solid support and is expected to cause a rebound, pushing the US Dollar beyond the immediate resistance, represented by the[​IMG]

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