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USD/JPY On The Verge Of Breaking The Triangle Pattern

Discussion in 'Technical Analysis' started by Kaitlin, Mar 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The BoJ retained its negative rate policy yesterday and, thus, strengthened against the US Dollar, causing the USD/JPY currency pair to drop 65 pips. Although the pair is on the edge of breaking its triangle pattern, there is a chance that the volatility will remain contained within the triangle's support[​IMG]

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