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USD/JPY Keeps Sliding Down

Discussion in 'Technical Analysis' started by Kaitlin, Mar 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Greenback's losses against the Japanese Yen yesterday were limited, due to the ADP Employment Change data beating expectations. Nonetheless, the USD/JPY currency pair remains under pressure, with the weekly PP and the 20-day SMA, namely the closest resistance cluster, continuing to weigh on Buck. The bearish momentum is still[​IMG]

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