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USD/JPY On The Verge Of Breaking The Channel

Discussion in 'Technical Analysis' started by Kaitlin, Mar 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/JPY currency pair took another step closer towards the current bearish channel's resistance line, but with the bullish momentum limited, amid the 20-day SMA somewhat providing resistance. The pair extends the up-leg after piercing the 20-day SMA, but with supply, represented by the channel's upper border, stopping the rally.[​IMG]

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