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USD/JPY poised to begin recovery

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD set to probe 1.13 again “Receding expectations for a Fed rate hike are making the dollar vulnerable. Both the yen and the dollar are pressured.” - Shinkin Asset Management (based on Bloomberg) Pair’s Outlook The common currency was actively fuelled by support zone at 1.1241/20 on Thursday. It managed to bounce off the monthly pivot point, but gains used to be contained by the 50% Fibonacci retracement of the Jan-Mar 2015 downtrend at 1.1280. Still, an attempt to

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