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USD/JPY Poised For More Weakness

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

  1. Kaitlin

    Kaitlin Forum Member

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    The Fed's dovish statement weakened the US currency on Wednesday, allowing the Yen to push the pair beyond the triangle pattern's support line. More bearish momentum is now expected to follow, but with the closest support located at 111.90, represented by the lower Bollinger band. Meanwhile, technical studies in the[​IMG]

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