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USD/JPY Makes A U-Turn

Discussion in 'Technical Analysis' started by Kaitlin, Feb 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/JPY currency pair's rally, triggered by the BoJ's decision, was only prevented by the 200-day SMA circa 121.46 last Friday. The same SMA keeps providing formidable resistance today, increasing the chance of the Buck turning around and inching lower against the Yen. Meanwhile, immediate support is represented by the[​IMG]

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