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USD/JPY Keeps Edging Higher

Discussion in 'Technical Analysis' started by Kaitlin, May 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    With speculation of BoJ intervention and rising risk appetite, the US Dollar managed to add 125 pips against the Japanese Yen yesterday. Even though the USD/JPY currency pair now faces a tough resistance around 108.60, represented by the monthly PP, the weekly R2 and the 55-day SMA, the 109.00 major[​IMG]

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