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USD/JPY On The Edge Of Negating Last Week's Gains

Discussion in 'Technical Analysis' started by Kaitlin, Dec 10, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/JPY suffered a 44-pip loss yesterday, with the immediate support cluster preventing the pair from maintaining trade lower. The Yen remains strong due to ongoing oil price slump, with buoyant fundamentals providing an extra boost. The 20-day SMA is now the closest support, but a fall towards the cluster[​IMG]

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