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USD/JPY Lingers Near 55-Day SMA

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

  1. Kaitlin

    Kaitlin Forum Member

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    Although there has just been a test of the upper bound of the 10-month channel, the pair does not seem keen to leave its vicinity. The immediate resistance is at 102.70, represented by the weekly PP and 55-day SMA, but we allow for a rally to 103.50 without a threat[​IMG]

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