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USD/JPY Puts The Down-Trend To The Test

Discussion in 'Technical Analysis' started by Kaitlin, Sep 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/JPY currency pair posted more gains on Wednesday, but they were limited by the eight-month resistance line at 103.55. Consequently, the American Dollar is now likely to undergo a correction, which could cause the given pair to slide back under the 103.00 major level, at least from the technical[​IMG]

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