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USD/JPY Muted Ahead Of Fed Rate Decision

Discussion in 'Technical Analysis' started by Kaitlin, Apr 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Demand in face of the monthly S1 and the weekly PP around 110.50 was sufficient to prevent the USD/JPY currency pair from falling on Tuesday. As a result, the exchange rate remained on top of the 111.00 psychological level, but risks of the immediate support getting pierced today are higher.[​IMG]

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