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USD/JPY Remains On The Back Foot

Discussion in 'Technical Analysis' started by Kaitlin, Apr 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar was unable to maintain trade above the 109.00 major level on Friday, ultimately retreating and closing with a 15-pip loss. The same resistance is likely to keep the USD/JPY pair from advancing today as well, namely the monthly S2 at 108.70, whereas the Bollinger band around 108.08[​IMG]

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