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USD/JPY Sets Off With Quiet Trade

Discussion in 'Technical Analysis' started by Kaitlin, Jan 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Greenback overperformed at the end of the previous week, as the target resistance in face of the 20-day SMA was overcome. The USD/JPY now finds itself locked between the 20-day SMA from below and the monthly S1 from above. Meanwhile, technical indicators shifted from bearish to mixed, implying that[​IMG]

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