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USD/JPY Remains On The Back Foot

Discussion in 'Technical Analysis' started by Kaitlin, Jul 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Neither the immediate resistance nor the support areas were pierced yesterday, with the Greenback ultimately remaining relatively unchanged against the Yen. Although the Buck failed to make a solid U-turn, more bearish momentum could still follow today, as the overall trend remains bearish until the key resistance area around 109.00[​IMG]

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