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USD/JPY Remains On The Back Foot

Discussion in 'Technical Analysis' started by Kaitlin, Jun 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    As was anticipated, the USD/JPY currency pair failed to fall beyond the 38.20% Fibo yesterday, but closed still just under the 107.00 mark. Consequently, more bearish momentum is likely to follow, with the 38.20% Fibo at 106.65 to be put the test. The lower Bollinger band is bolstering that support,[​IMG]

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