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USD/JPY No Major Obstacles Until 107 Yen

Discussion in 'Technical Analysis' started by Kaitlin, Jun 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USD/JPY decided not to pull back after breaking out of the channel and prolonged the decline down to the weekly S2 level. If there is a rally today, as suggested by the daily technical indicators, it is likely to stay limited by the monthly PP and weekly S1 at 109.50/20.[​IMG]

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    Let's see what effect the NFP will have on it today.
     

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