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USD/JPY Risks Falling Back Under 101.00

Discussion in 'Technical Analysis' started by Kaitlin, Aug 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    For the second consecutive week the USD/JPY currency pair bounced back from the 102.50 level, unable to surge higher. Even though the Buck found support, represented by the weekly PP, at 101.76 yesterday, technical studies suggest this level is likely to be pierced today. The key support is located around[​IMG]

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