USD/JPY Struggles To Preserve The Channel

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Risk aversion caused the USD/JPY currency pair to experience a decline on Tuesday, with the pair edging lower towards the descending channel's support line. Although the channel lower border should trigger a rebound, risks of the pattern being broken are also high. Technical studies support the negative outlook with their[​IMG]

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