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USD/JPY struggles to preserve the channel

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD treads water as FOMC minutes near “The [FOMC] minutes will reveal “a willingness to hike interest rates this year.” - Daiwa Capital Markets (based on MarketWatch) Pair’s Outlook Yesterday the bears tried to take leadership over the EUR/USD currency pair, but all losses were ultimately eroded by revived bullish strength. Therefore, the cross keeps hovering around the February high at 1.1370, while getting ready for the release of FOMC meeting minutes later on

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